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| February 14, 2017 |
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This issue of NewsWatch is provided by NARFE, a nonprofit membership organization dedicated to protecting and enhancing the earned pay, retirement and health care benefits of federal employees, retirees and their survivors. Please join today!
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NARFE
Your Thrift Savings Plan (TSP) account plays an important role in financing your retirement. But how comfortable are you managing your withdrawals and other investment options? Sign up today for this new NARFE Federal Benefits Institute webinar on Thursday, February 23, at 2 p.m. ET. Federal benefits expert Tammy Flanagan will guide you through the options available so you can maximize your savings. Stay online following the one-hour webinar for a BONUS Q&A chat session. Click here to register.
All NARFE Federal Benefits Institute webinars are free to NARFE members. The nonmember registration fee of $39.95 includes a one-year membership in NARFE with full member benefits, including a subscription to narfe magazine.
The webinar and chat will be available online at www.narfe.org for on-demand viewing within 48 hours.
NARFE
The 2017 NARFE-FEEA Steve Bauer Scholarship Program, open to children, grandchildren and great grandchildren of NARFE members, will run February 1 through April 28. Sixty $1,000 awards will be given out.
Students can access the application and program rules here. For additional information, please email scholarship@narfe.org.
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FEDERAL BENEFITS QUESTION OF THE WEEK
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NARFE
Question: I have been divorced from my first wife for seven years and have since remarried. My first wife will get part of my retirement as part of our divorce decree. If she remarries before she turns age 55, would she lose her share of my retirement?
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Federal Soup
The president of one of the largest federal employee organizations has issued a statement opposing recent bipartisan supported postal reform legislation.
“There are simple solutions to the financial problems facing the U.S. Postal Service, such as eliminating the prefunding requirement outright, but this bill takes a more complicated route,” National Active and Retired Federal Employees Association President Richard G. Thissen said.
He said forcing current postal retirees and survivors to pay an additional $134 per month for health care coverage and enroll in Medicare is not the best way for the USPS to save money.
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FedSmith
Legislation has been reintroduced in Congress to give federal employees six weeks of paid parental leave following the birth, adoption or fostering of a child.
The bill was also introduced in the previous Congress but ultimately failed to advance.
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Federal News Radio
Some senators are recognizing the federal workforce and its contributions and have signed a resolution opposing efforts that jeopardize employees and their merit system principles. The resolution has support from 15 senators — all of them Democrats — who say recent actions from Congress and the White House jeopardize the federal workforce and the ability to meet its mission. “Effective functioning of the federal government and the integrity of the civil service have been undermined by efforts to decrease pay and benefits and reduce rights with respect to due process and collective bargaining,” the senators wrote.
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Government Executive
Senators on both sides of the aisle praised federal employees during a hearing Thursday, agreeing President Trump’s hiring freeze is an inefficient way to govern and promising to find bipartisan solutions to improve the civil service.
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Governing
An ambitious California law intended to help create retirement security for low-income workers is in the crosshairs of the Trump-era Congress, which is moving to block the state and others from launching programs to automatically enroll millions of people in IRA-type savings plans.
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USA Today
Financial abuse – perpetrated mainly by family members, many of whom are guardians – is one of the most common types of elder abuse, according to a Government Accountability Office (GAO) report. So, what can you do to avoid financial abuse by family members, guardians and others in power?
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The Washington Post
How we process the food matters. Some ingredients can undergo changes — like being frozen, fermented or sprouted — that makes them equally or more nutritious than they once were. Not all processes are detrimental. Here’s how to tell the difference.
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National Park Service
The National Park Service just turned 100 years old! Celebrate the start of our second century by visiting a park in 2017. During ten days of the year, all National Park Service sites that charge an entrance fee will offer free admission to everyone.
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The Huffington Post
A working retirement is not just about the money, although working beyond 65 would be a huge plus for many boomers anticipating a major shortfall in their retirement savings.
For the fortunate few that have found work they are truly passionate about, working beyond 65 may have been part of the plan all along. If you truly love what you do and you have the option to continue, why wouldn’t you?
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Reviewed.com
What is Astroturf? It's when a company puts up fake comments or reviews of a product on sites to boost its profile and reputation. These fake reviews turn a 3-star product into a 5-star product and convince you to part with your money. Here's what you need to know to protect yourself in 2017.
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