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NEWS FROM NARFE

Proposed change in benefits prompts thousands to act: Join them today!
NARFE
In his fiscal year 2014 budget to Congress, President Barack Obama proposed changing the formula used to calculate annual cost-of-living adjustments (COLAs) to federally administered programs. The proposal would use the chained CPI method of determining inflation in place of the current CPI-W, which would reduce COLAs by an estimated 0.3 percent per year and, compounded over time, would add up to a big loss in benefits.

Condemning the chained CPI as "a benefit cut masquerading as a 'technical fix,'" NARFE President Joseph A. Beaudoin issued a challenge to Association members "to join the unprecedented response of nearly 9,000 NARFE activists, including nearly a thousand first-timers, who have already told their congressional delegation and the White House not to reduce their earned benefits under the guise of a more accurate measure of inflation."

To estimate how the proposal would affect you, use NARFE's online calculator, then follow the link and send a message to your representative and senators, urging them to reject reducing your earned benefits. You do not have to be a NARFE member to use the calculator.

Find the calculator and link here.
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FEDERAL BENEFITS QUESTION OF THE WEEK


Continuing FEGLI into retirement
NARFE
Question: I'm close to retirement under the Civil Service Retirement System and trying to decide whether to continue my Federal Employees' Group Life Insurance (FEGLI) in retirement. Is the 75 percent reduction alternative a cost-effective way to provide some additional income for my spouse, or is it better to increase the survivor benefit and not continue the life insurance?
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FEDERAL UPDATE


President's fiscal year 2014 budget includes pay increase, but retirement changes loom large
FederalNewsRadio.com
Federal employees would see a slight pay bump next year under President Barack Obama's proposed budget for fiscal year 2014. But at the same time, the White House budget outline proposes sweeping changes to federal employees' retirement benefits, including reductions to annual cost-of-living increases for retirees.
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Obama proposes 'self plus one' health plan enrollment option
Federal Times
Federal employees would be able to sign up for a "self plus one" health plan beginning in 2015 under Federal Employees Health Benefits Program reforms the White House is proposing in its fiscal year 2014 budget. Currently, FEHBP enrollees can only sign up for self-only or family health plans. This means that federal employees who are married without children, or who are single parents of just one child, have to sign up for more expensive family plans. Creating a self-plus-one option, as the administration wants, would let those employees save money.
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Postal service reverses plans to end Saturday mail delivery
Government Executive
The U.S. Postal Service has canceled its plans to end Saturday mail delivery on the heels of a congressional mandate to continue with a six-day schedule, the agency recently announced. USPS' Board of Governors reached the decision during an April 9 meeting. In its spending bill to fund government for the remainder of fiscal year 2013, Congress included a provision to require six-day delivery, as it has done in every spending bill since 1983.
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FINANCES


Retirement planning doesn't have to be rocket science
The Washington Post
You know the saying, "It's not rocket science." Well, retirement planning today is rocket science. It's often confusing and overly complex. There's so much you need to know.
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HEALTH


Study: 'Mobility shoes' may help those with arthritic knees
HealthDay
Special "mobility shoes" might ease the strain on the knees of people with knee arthritis, a small study has found. This type of flat, flexible footwear is designed to mimic the biomechanics of walking barefoot, researchers from Rush University Medical Center in Chicago explained.
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SECOND CAREERS


What's the perfect résumé font?
LifeGoesStrong
When it comes to résumés, looks matter. That's because your résumé is not just a data sheet of facts and dates. It's actually a marketing piece, and everything about it reflects on you.
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RETIREMENT TRENDS


Baby boomers redefine retirement age with physical and intellectual pursuits
Pittsburgh Post-Gazette
While their parents and grandparents usually viewed the milestone birthday of 65 as a time to withdraw from full-time work and relax, many baby boomers are remaking themselves for the second and third acts of their lives. Some have returned to school to prepare for new careers. Some, especially after their children learn to drive or move out for work or college, are taking up new sports and enrolling in gym programs.
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TRAVEL


The 10 most relaxing coastal drives in the US and Canada
The Huffington Post
Driving can be both the most stressful and the most relaxing of activities. While there are few things more frustrating than sitting in traffic on your daily commute, a relaxing scenic drive down winding coastal roads can be truly therapeutic. For a vacation that allows you to explore a new locale while also decompressing, consider heading out to explore one of the U.S. or Canada's many scenic shore-hugging roads.
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RETIREMENT READINESS NOW TIP


FDIC money guide for young adults and teens
FDIC via Office of Personnel Management
The FDIC has published a collection of simple, practical tips for young adults and teens on saving, managing money and avoiding financial scams. This special edition of the agency's quarterly FDIC Consumer News, titled "For Young Adults and Teens: Quick Tips for Managing Your Money," also includes suggestions for parents and caregivers on saving for a child's future and teaching youngsters about money.
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CONSUMER TIPS


Better Business Bureau: Think before entering contests
Idaho Statesman
It's that time of the year when special events galore take place every weekend — outdoor expo, horse show, monster truck show and every other show. Each event features booths, exhibits and more, and all those booths ask you to write your personal contact information on an entry form to win a prize. But, do you ever wonder what happens when you enter a contest to win?
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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.

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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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