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Main Home Page   Members Home Page   Public Relations Aug. 23, 2011

USPS broke by August 2012, No. 2 official predicts
Federal Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. Postal Service leaders are poised to forgo legal obligations in September by skipping a $5.5 billion payment for retiree health care, but even that unprecedented step won't buy the flailing mail carrier much time, one of its top officials recently said. Without that action and congressional relief on other fronts, the Postal Service will at best stay solvent only until next August, Deputy Postmaster General Ron Stroman said in an interview with Federal Times. That sudden sense of urgency — driven both by frustration at congressional inaction and a cash crunch worsening faster than expected — may help to explain a dramatic burst of restructuring proposals. More

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OMB orders agencies to plan for 2013 budget cuts of up to 10 percent
Federal Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Agency heads must plan 2013 budgets that are up to 10 percent below this year's discretionary spending levels, according to newly released instructions from the Office of Management and Budget. In addition, leaders need to identify cost-saving efforts to improve efficiency, and take into consideration areas of overlap and duplication identified by the Government Accountability Office. "I know this will be a difficult year, but it will also offer an opportunity to make the hard decisions to invest where we can get the most done and pare back in other areas," OMB Director Jack Lew concluded in the memo, posted on the agency's website. More

Obama orders new plan to diversify federal workers    Share    Share on FacebookTwitterShare on LinkedinE-mail article
On Aug. 18, President Barack Obama issued an executive order directing federal agencies to develop strategic plans to recruit and retain a more diverse workforce. The directive will promote diversity in the federal workforce through a governmentwide initiative and a timeline for results, Office of Personnel Management Director John Berry said during a conference call with reporters. More

Social Security disability payments may cease in 2017
AOL    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Congressional Budget Office has come out with a new analysis that says the ability of the Social Security disability fund to make payments may end in 2017. The estimates depend, of course, to some extent on the economy. The CBO's 2011 Long-Term Projections for Social Security reports that "as more members of the baby-boom generation (that is, people born between 1946 and 1964) enter retirement, outlays will increase relative to the size of the economy, whereas tax revenues will remain at an almost constant share of the economy. As a result, the shortfall in the Disability Insurance fund will begin to grow around 2017. More

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3 groups challenge tax on public pensions in Michigan
Detroit Free Press    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Three organizations representing older citizens who receive pensions are challenging the constitutionality of this year's tax code change, extending Michigan's income tax to public-employee pensions. The groups contend that an exemption on pension taxes for public employees has been enshrined in the Michigan Constitution since 1964. The groups are AARP, the State Employees Retirement Association and the National Active and Retired Federal Employees Association. More

Retirement dreams fading for middle-income boomers
AdvisorOne    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The retirement dream is fading for middle-income boomers, according to Bankers Life and Casualty Company Center. The company released a survey that found one-third of boomers with between $25,000 and $75,000 have not seen any rebound in their retirement accounts. One-fifth of boomers have less than $10,000 in savings. Unsurprisingly, just 10 percent of respondents are confident they have saved enough for retirement. More

CDC: Don't skip this year's flu shot
HealthDay News via USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The 2011-2012 flu vaccine protects against seasonal flu and H1N1, just like last year's, but that doesn't mean it's OK to skip your yearly flu shot, researchers from the U.S. Centers for Disease Control and Prevention warn. "All people aged 6 months and older should be vaccinated," said Dr. Carolyn Bridges, an associate director for adult immunization at the CDC's National Center for Immunization and Respiratory Diseases. Protection wanes over the course of a year, so "even people who got a flu vaccine last year should get one again to make sure they are optimally protected," she said. More

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Scammers target elderly — Families beware
AOL    Share    Share on FacebookTwitterShare on LinkedinE-mail article
According to a recent survey, the elderly lose nearly $3 billion annually to financial abuse. Most victims are in their 80s. Women are almost twice as likely to be victims as men. One of the best defenses for the elderly is a trustworthy loved one who keep in touch with them regularly and monitor their well-being for signs of danger. More

Career reinvention rules of the road
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Even if you just want to switch jobs at your company, career change can be daunting. Whether you've been laid off or you crave more satisfaction, looking for a position doing something you've never done before invariably comes with second-guessing: No one will give me a chance. I'm too old. I've done this forever. I can't do anything else. Bottom line: Reinvention is not for the faint of heart; but with work and a tweak to your mindset, it's possible. More

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Average retirement age grows
U.S. News & World Report    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Workers are now retiring at older ages because the incentives to retire have changed. Since the mid-1990s, the average retirement age has risen from 62 to 64 for men and from 60 to 62 for women, according to a new Center for Retirement Research at Boston College analysis of Census Bureau data. The trend toward later retirement has been driven by declines in traditional pensions and retiree health benefits offered by employers, changes in the way Social Security benefits are calculated, better education and health, and less strenuous jobs that people are able to perform at older ages. More

Visitor's guide to 9/11 sites
The Associated Press via Bing    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Out of the ashes of 9/11 has risen a vibrant neighborhood packed with new restaurants and hotels, places to live and spots to shop, along with many ways to pay respects to an area some worried would never come back. A decade after the attack on the World Trade Center in New York, lower Manhattan draws roughly 9 million of the city's nearly 50 million visitors a year, including the area around ground zero. The neighborhood now has 18 hotels with more than 4,000 rooms, up from six hotels and 2,300 rooms on Sept. 11, 2001. For many tourists, it's a must-see, right up there with Times Square and the Statue of Liberty. More

Your home's top 10 energy suckers
MSN    Share    Share on FacebookTwitterShare on LinkedinE-mail article
If you're in the United States but not within about 100 miles of the Pacific Ocean, you live where recent weeks' weather maps have shown temperatures in orange and red so fiery, it seems the very map might burst into flames. Listening to the constant hum of your air conditioner, you're probably thinking about how much money you're burning through, since staying cool has to be the most expensive energy sucker in your house. It's not. But it's high on the list. More

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A NARFE member asks about using service in the Army Reserves in computing annuity
NARFE    Share    Share on FacebookTwitterShare on LinkedinE-mail article
QUESTION: I served in the U.S. Army Reserves and am receiving military retired pay. Will I be able to use any of my military service in the computation of my annuity without waiving the retired pay? More

NARFE expresses concern over USPS proposal
NARFE    Share    Share on FacebookTwitterShare on LinkedinE-mail article
NARFE President Joseph A. Beaudoin has expressed concern over a proposal to remove health and retirement benefits of U.S. postal workers: "Like many Americans, I am concerned about the financial straits of the U.S. Postal Service," Beaudoin said. "I am also deeply troubled by attempts to plow through these challenges by taking away the proven and stable employment benefits that our postal workers earned. Removing the federal health and retirement benefits of our postal workers will undermine the vital service they provide to our nation's infrastructure — this is no way to manage an already struggling American enterprise."

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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NARFE NewsWatch from the National Active and Retired Federal Employees Association
Disclaimer: The articles that appear in NARFE NewsWatch are chosen from a variety of sources to reflect topics of interest to active and retired federal employees. With the exception of Federal Benefits Question of the Week and News From NARFE, an article's inclusion in NARFE NewsWatch does not imply that the National Active and Retired Federal Employees Association (NARFE) endorses, supports or verifies its contents or expressed opinions. Factual errors are the responsibility of the listed publication.

Colby Horton, vice president of publishing, 469.420.2601   Download media kit
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