No pay, benefits cuts — for now
Federal Times Share
Federal employees who feared that a debt-ceiling deal would mean steep cuts to their pay and benefits have been given a reprieve. But that relief is likely to be fleeting — those feared cuts could come in a few short months. The nearly $1 trillion in spending cuts Congress recently approved does not include increases to federal employees' retirement contributions, lower pensions or lower cost-of-living adjustments for federal retirees, all of which were being considered by the White House and House Republicans. More
Congress agrees on stopgap funding for FAA workers
The Washington Post Share
Congressional leaders recently reached agreement on temporary funding for the Federal Aviation Administration, ending a stalemate that cost 4,000 furloughed federal workers almost two weeks of pay and shortchanged the U.S. Treasury of more than $300 million. It was uncertain whether Congress would act to restore back pay to the furloughed FAA employees. Tens of thousands of construction workers who have been laid off since July 23 seemed unlikely to recoup their lost wages. More
Postal Service could default on government payments
The U.S. Postal Service announced Aug. 5 that it had racked up a $3.1 billion quarterly loss and, if current trends continue, it is likely to default on its payments to the federal government. The USPS continues to suffer from falling mail volume. During the third quarter of this year, USPS delivered a total of 39.8 billion items, a decline of 2.6 percent compared to the 40.9 billion items delivered during the same period last year, the Associated Press reported. More
8 ways the super committee is not super for retirement
Social Security and Medicare will be in the sights of the Congressional "super committee" that will be looking for $1.5 trillion in federal spending cuts under the terms of the debt-ceiling agreement. That means the financial security of seniors and boomers nearing retirement will be on the line, so let's consider the outlook for these vital programs as the negotiations get under way. If the super committee can't reach agreement — or if Congress rejects its recommendations — automatic spending cuts would be triggered, with Social Security, Medicare and Medicaid exempted. More
Blood test may spot Alzheimer's before symptoms appear
A new blood test for Alzheimer's disease is 96 percent accurate in identifying the disease and can perhaps detect it even before symptoms, such as memory loss, appear, says the test's developer. "This is a simple test that has high accuracy and can be run from a single drop of blood," says Robert Nagele, Ph.D., a professor of medicine at the University of Medicine and Dentistry of New Jersey School of Osteopathic Medicine. More
Poll: 16 percent of seniors report active caregiving duties
Senior Housing News Share
Americans with lower income and less education are more likely to be caregivers, says a recent Gallup poll, and even seniors who are 65-plus are among the ranks of those providing care for others. A subsequent Gallup poll shows that the jobs of many are significantly affected by obligations from their caregiver status. Gallup is conducting a three-part series on what it means to be a working caregiver in the United States, and the first two polls have found diversity among American caregivers in terms of both socioeconomics and demographics, as well as financial implications derived from caregiving that result from missing work. More
A more strategic approach to applying for jobs
U.S. News & World Report Share
It's too easy today to apply for jobs in bulk, or apply and move on to the next application. But companies don't want to see you applying for any job. They want you genuinely interested in their job. Why is how you apply important? Because in a market full of qualified candidates, how you apply says something about you. It says you're strategic in your selection of jobs, and you're thinking about the types of companies where you'll be a good fit. More
Finding that last-minute getaway
With just a few weeks left before Labor Day, last-minute travelers are finding deals in an unusual place: vacation rentals. Finding an affordable four-bedroom on the beach or in the mountains is no longer as daunting as it was a year ago, even for last-minute travelers. More
Check and keep your receipt: Strange ways to save money
When a cashier hands you your receipt, you probably just think of it as one more annoying piece of paper. Many people toss their receipts in the nearest garbage can on their way out of the store. It's particularly tempting to toss it when you paid cash, and you don't even have to enter it in the checkbook. But receipts are actually very useful pieces of paper that can help you save some money. More
A NARFE member asks about federal retirement and Social Security disability benefits
Question: I am a 58-year-old recent Federal Employees Retirement System retiree with 30 years of service. I applied for regular retirement and am receiving my annuity and my FERS annuity supplement. I subsequently applied for disability retirement via the Office of Personnel Management and for Social Security disability. I was granted both benefits, but OPM says I have to decide between the two. What will happen to my FERS annuity supplement if I stick with my regular retirement and begin receiving a Social Security disability benefit? Will my supplement be eliminated? More
August is 'NARFE Grass-Roots Advocacy Month'
August is "NARFE Grass-Roots Advocacy Month." NARFE members are taking this time to meet with their members of Congress, who are in their home states and districts until early September. NARFE Headquarters has been working with the Association's regional and state leaders to prepare for joint chapter events, district office visits and participation at town hall meetings. With federal retirement, pay and health benefits still at risk in Washington, Advocacy Month couldn't come at a better time. The NARFE website has more information. More
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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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