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NEWS FROM NARFE

NARFE salutes America's federal workforce during Public Service Recognition Week
NARFE
In honor of Public Service Recognition Week, May 5-11, Joseph A. Beaudoin, president of the National Active and Retired Federal Employees Association, released this statement in appreciation of the dedicated service of America's federal workforce.
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House to take a look at OPM retirement processing
NARFE
On Thursday, May 9, the House Oversight and Government Reform Subcommittee on the Federal Workforce is holding a hearing on the progress the Office of Personnel Management is making in decreasing its backlog of retirement annuity claims. NARFE President Joseph A. Beaudoin will present testimony on behalf of the Association. OPM has made great strides in the last year; however, sequestration threatens to reverse this trend.
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Good enough for Congress, good enough for federal employees
NARFE
Legislation (H.R. 1780) introduced by Rep. Dave Camp, R-Mich., on April 26, would "provide that the only health plans that the federal government may make available to the president, vice president, members of Congress and federal employees are those created under the Patient Protection and Affordable Care Act or offered through a health insurance exchange." Along with six original cosponsors, the Camp bill would dismantle the Federal Employees Health Benefits Program by forcing employees into the state exchanges created under the ACA. The legislation does not make mention of retirees. NARFE is strongly opposed to this and any effort to denigrate the services provided under the FEHBP.
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Stamp Out Hunger Food Drive is May 11
NARFE
Saturday, May 11, is America's largest one-day food drive. The National Association of Letter Carriers' "Stamp Out Hunger Food Drive" allows you to help alleviate hunger in your community by filling a bag with nonperishable food items and leaving the bag for your city or rural letter carrier by your mailbox on Saturday, May 11. Now is a great time to fill your bag to "Stamp Out Hunger."
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FEDERAL BENEFITS QUESTION OF THE WEEK


TSP withdrawals
NARFE
Question: Can I withdraw money from my Thrift Savings Plan account immediately when I retire?
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FEDERAL UPDATE


Sequester forces OPM to cut pension overtime
Federal Times
The Office of Personnel Management announced recently that it has suspended all overtime for its employees working on processing federal retirees' pensions. In a blog post, Associate Director of Retirement Services Ken Zawodny said the steep budget cuts known as the sequester forced OPM to suspend overtime for employees in his division.
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Retirements dip in April
FederalNewsRadio.com
The number of federal employees filing retirement claims in April dipped below expectations following months of unexpectedly high numbers, according to new data from the Office of Personnel Management. OPM received 7,059 claims in April, about 1,000 fewer than expected.
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  FEATURED COMPANIES
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Uncle Sam loses 4,900 jobs in April
Government Executive
The federal government shed 4,900 jobs between March and April, according to numbers the Labor Department released recently. Including the U.S. Postal Service, Uncle Sam actually lost 8,000 jobs last month, the latest jobs report from the Bureau of Labor Statistics showed. The country added 165,000 jobs in April because of growth in the private sector but experienced a decline in public-sector employment across federal, state and local government. Unemployment is at 7.5 percent, a four-year low.
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President Barack Obama says 'thank you' to civil servants
Government Executive
President Barack Obama and leaders in his administration thanked the country's civil servants for their work and dedication as part of the commemorations kicking off this year's Public Service Recognition Week. Obama said in a letter that public servants played an instrumental part in helping "lay a strong foundation for our nation’s progress."
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FINANCES


Reverse-mortgage defaults increasing
The Wall Street Journal
Growing numbers of older borrowers with reverse mortgages are delinquent on these loans. But a little-known federal guideline can help steer such individuals out of financial trouble. Reverse mortgages allow people age 62 or older to convert their home equity into cash. The homeowner can elect to receive a lump sum, a line of credit or monthly payments.
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HEALTH


Experts: For older adults, fitness is freedom
Reuters
As 70 million-plus baby boomers roll relentlessly into their retirement years, experts say that, for those age 65 and over, staying active and fit can spell the difference between independence and frailty. "It's all about moving," said Neal Pire, an exercise physiologist and spokesperson for the American College of Sports Medicine. "The phrase 'use it or lose it' works here."
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SECOND CAREERS


Arm yourself with interviewing skills
Gulf News
One of the reasons job interviewing can be a stressful process is that you may find yourself forced to step outside your comfort zone to actively sell your skills and qualifications to the future employer. Regardless of how well your skills match the job requirements and how strongly your references recommend you, it is your job to make sure that these skills are not only communicated but also presented in way that assures the hiring manager that you’re the best fit for the job.
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RETIREMENT TRENDS


Baby boomers finally leaving workforce: But are millennials ready to step up?
Fox Business
As more baby boomers age out of the American workforce, their employers are having a hard time filling their shoes. According to a new report from Citigroup, firms are facing constraints on the availability of qualified labor resources as older workers age out of the workforce or reduce their hours, leaving a gap in productivity. Older workers leaving the workforce to enter retirement is part of the labor market cycle that opens up opportunities for young adults to fill — good news for the millennials who have faced bleak hiring prospects since the Great Recession. But employers say they can't find the skilled workers from the younger workforce members, making it hard for them to increase their payroll. This could have long-term consequences on economic growth.
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TRAVEL


Your ticket now says if you can speed through TSA security
NBC News
Delta, United and US Airways are now alerting qualified passengers to their PreCheck status with a "TSA PreCheck" alert on mobile and paper boarding passes. That's because passengers eligible for TSA’s PreCheck program offering expedited security screening at 40 airports are sometimes unaware of their status and unsure of which checkpoint line to join.
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RETIREMENT READINESS NOW TIP


What do you pay to save?
Office of Personnel Management
Learn why investment expenses matter and how the TSP's low costs help you save more for your retirement at the official YouTube Thrift Savings Plan channel.
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CONSUMER TIPS


Travel club schemes still 'thriving,' says Better Business Bureau
Beacon News
"You’ve won a free cruise," says a robotic voice when you pick up the phone. Do you hang up because it's an obvious scam, or do you race to the Internet to find out the details? According to the Better Business Bureau, many people continue to fall victim to travel club schemes, lured by claims of winning a free cruise or airline tickets through phone and email scams.
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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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