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NEWS FROM NARFE

Senate's postal overhaul would harm federal employees
NARFE
The Postal Reform Act of 2014 was recently approved by the Senate Homeland Security and Governmental Affairs Committee. S. 1486 now awaits consideration by the full Senate. The bill would severely diminish or authorize the elimination of long-standing employee benefits, including changes to workers’ compensation for federal and postal employees disabled by work-related injuries and illnesses. It also eliminates the promise of retirement income security for the next generation of postal employees, and includes changes to the Federal Employees Health Benefits Program for postal employees and retirees. NARFE President Joseph A. Beaudoin urges each NARFE member to use the Association’s Legislative Action Center to send a message to both your senators opposing S. 1486.
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FEDERAL BENEFITS QUESTION OF THE WEEK


Minimum retirement age
NARFE
Question: What is a “minimum retirement age (MRA) +10” annuity under the Federal Employees Retirement System (FERS)?
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FEDERAL UPDATE


President pushes raise, drops pension payment increase in budget request
Federal Times
The administration proposed a 1 percent pay raise for federal employees and dropped a proposal to increase pension contributions in its fiscal 2015 budget request. Office of Management and Budget director Sylvia Burwell said in a press conference March 4 the administration recognizes how challenging recent years have been for federal employees, but that a 1 percent raise was the best they could do within such a tight cap on spending.
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Lawmakers: 1 percent federal pay raise faces opposition, bigger raise off the table
Federal Times
While federal unions push for a bigger pay raise than the 1 percent President Barack Obama will propose in his 2015 budget, lawmakers say that any raise faces a fight. Rep. Steny Hoyer, D-Md., the House minority whip, said a larger pay raise faces stiff opposition from Republicans and even 1 percent will be a challenge.
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Strong stock market boosts TSP returns in February
Federal News Radio
After a rocky start to the year, fund performance for the Thrift Savings Plan rebounded. A strong February on Wall Street helped fuel across-the-board gains in all five of the TSP's regular funds, according to statistics released by the Federal Retirement Thrift Investment Board.
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OPM director to feds: 'I am here for you'
Government Executive
Katherine Archuleta, the relatively new director of the Office of Personnel Management (OPM), recently vowed to improve the working experience of federal employees as well as the public’s perception of the government workforce.
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Air Force to accelerate headquarters staff cuts
Federal News Radio
The Air Force will not only meet, but exceed Defense Secretary Chuck Hagel's edict to the military services and Defense agencies to cut back their headquarters-level spending by 20 percent over the next five years. And the service will do so more quickly than required.
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FINANCES


Rethinking the 4 percent retirement spending rule
MarketWatch
How much can I afford to spend in retirement? For all but the wealthiest, that’s the big question. For guidance, many retirees rely on the so-called 4 percent rule, which says you can withdraw 4 percent from your savings in the first year of retirement, and then give yourself an annual raise to account for inflation each year, without running a big risk of running out of money.
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HEALTH


10 strategies for fat loss and healthy eating on a budget
The Huffington Post
Studies prove eating healthy ultimately saves money. One found "convenient sources are less healthy and more expensive than a well-planned menu from budget foods available from large supermarket chains." This article offers advice on eating healthy and cheap.
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TRAVEL


How to solve your travel nightmares
Today
Whether your flight was canceled, you didn’t get the room you paid for, or an airline lost your luggage, Today offers solutions to your travel nightmares.
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SECOND CAREERS


Boomer entrepreneurs bet nest eggs on dreams
USA Today
Call it what you want: Living your dream, encore careers or just gambling on your future. Some baby boomers are doing what they love. And they used their retirement savings to do it, using a process called rollovers-as-business-startups to finance their businesses.
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CONSUMER TIPS


Beware of computer virus scam
WEAU-TV
There’s a scam that’s going around like a virus. Actually, it’s spreading viruses to computers, with the help of the owner of the computer. “If you receive a call out of the blue claiming that your computer has a virus and that the caller can help you get rid of it, hang up immediately. It is a scam,” warns the Wisconsin Department of Agriculture, Trade and Consumer Protection.
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We are NARFE. Join us!
The National Active and Retired Federal Employees Association is the only membership organization solely dedicated to protecting and preserving the benefits of all federal workers and retirees. NARFE is your legislative voice and your information resource. Join now.

Visit NARFE on the Web at www.narfe.org.



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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
Caleb Gremmer, content editor, 469.420.2648   Contribute news
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