Federal retiree benefits could face cuts in deficit talks
Federal annuities could be at risk, along with government pay and other benefits, as lawmakers comb the budget in search of potential savings. Steve Strobridge, director of government relations at the Military Officers Association of America, said an overhaul of the military retirement system is "allegedly ... one possible item on the list" of proposals being considered in the deficit-reduction talks. More
Patience is prudent
Most retirees start Social Security retirement benefits as early as possible — age 62. That makes sense, if you are no longer drawing paychecks and need the spending money. However, many people claim benefits at 62 even though they don't need those Social Security checks. They may have cash flow from investments, a pension or other sources. In reality, if you don't really need Social Security at 62, there may not be a valid reason to start then. More
Debt-limit delay would jeopardize Social Security payments
Federal Times Share
Social Security payments to millions of retirees and people with disabilities could be threatened if President Barack Obama and Congress can't agree to increase the government's debt limit by Aug. 2, a new analysis shows. Although the Treasury Department likely could avoid delaying Social Security checks, the analysis by the Bipartisan Policy Center points up the depth of the cuts that would be needed if the $14.3 trillion debt ceiling isn't raised. It shows that in August, the government could not afford to meet 44 percent of its obligations. More
No bonuses for USPS executives
The Washington Post Share
The U.S. Postal Service's executives, officers and other administrative employees will not be receiving bonuses and performance rewards because of the agency's financial troubles. The agency's chief financial officer, Anthony J. Vegliante, issued a memo announcing the suspension of employee awards spending for all executive administrative service and postal career executive service employees. More
Study finds text messages help smokers quit
Smokers are twice as likely to quit when they get text messages urging them to stick to their goal of being smoke-free compared with those who receive texts with no motivational messages, a British study has found. Experts say the "txt2stop" trial, which is the first such study to verify quit rates using biochemical testing, may offer a cheap and easy way to improve levels of health by increasing the number of people who give up smoking. More
How to tune in to others
The Huffington Post Share
Imagine a world in which people interact with each other like ants or fish. Imagine a day at work like this, or in your family, aware of the surface behavior of the people around you, but oblivious to their inner lives, while they remain unmoved by your own. That's a world without empathy. Without empathy, there can be no real love, compassion, kindness or friendship. Empathic breakdowns shake the foundation of a relationship. More
Should I interview for a low-paying job?
U.S. News & World Report Share
In a crowded job market, companies can be picky. They can also offer low salaries to candidates, saving money in the short term. But since many job seekers are simply looking to solve the out-of-work problem, any offer would be a solution, right? More
Top 10 worst tax states for retirees
Some states offer attractive tax benefits for retirees; others don't. Kiplinger runs through the worst. Many are in the Northeast United States. More
Tips for researching car rentals
WIVB - TV Share
Since flying is so expensive nowadays, renting a car can often be the most affordable and convenient way to travel, if you make the right decisions both online and at the rental counter. Renting a car can be a confusing process. Online deals promote bargain basement rates; but after totaling it all up — the upgrades, insurance, taxes and fees — you might wonder whether it was really a deal at all. More
Extreme couponing: Now extremely prohibited
Companies are cracking down on extreme couponing techniques that allow shoppers to leave with baskets full of free items. Rite Aid, Target and Publix have all recently revised coupon policies to limit the number of store and manufacturers' coupons they accept per item or per shopping trip. "It's unfortunate that there have to be limits like this, but I think you're going to see the whole industry moving this way," says Bud Miller, the executive director of the Coupon Information Corporation. More
A NARFE member asks about the Social Security earnings limit test
Question: I am 65 years old, and I am still working. I plan to retire in a few years. Should I apply for my Social Security benefit now, or will my Social Security benefit be offset by the earnings limit? More
NARFE wins award in nationwide publishing competition
NARFE has won an APEX 2011 Award of Excellence for its 90th anniversary publication "NARFE — Celebrating 90 Years of Service." APEX Awards are based on excellence in graphic design, editorial content and the ability to achieve overall communications excellence. The APEX Awards of Excellence are given in recognition of exceptional entries in various subcategories. The NARFE award was for a one-of-a-kind publication. Congratulations to Donna St. John, author, and Beth Bedard, graphic artist, both of the NARFE communications department staff. Copies of the book are available for purchase. The book blends the history of NARFE with the history of the U.S. civil service. See NARFE magazine for the order form; or go to www.narfe.org, sign in as a member and click the Leadership tab under Departments.
Are you a member of NARFE? If not, join today!
The National Active and Retired Federal Employees Association is the only organization dedicated solely to protecting and enhancing the health care and retirement benefits of federal employees and their survivors.
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