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NEWS FROM NARFE

NARFE's on social media: Join the conversation
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Connect with NARFE
Are you taking advantage of all of NARFE's channels of communication? Every member of NARFE receives a copy of narfe magazine in the mail, of course. And if you are reading this, you are getting NARFE's weekly electronic news digest, NewsWatch. But did you know that NARFE is on Facebook and Twitter? On Facebook, our username is NARFE National Headquarters. Our Twitter handle is @narfehq. Don't miss out. Like us on Facebook and follow us on Twitter to keep informed every day.
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FEDERAL BENEFITS QUESTION OF THE WEEK


Thrift Savings Plan
NARFE
Question: I am currently receiving monthly payments for a specific dollar amount from my Thrift Savings Plan (TSP) account. Would I be able to request a lump-sum payment from my account in a year or so instead of continuing to receive monthly payments?
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FEDERAL UPDATE


Feds interested in phased retirement left playing waiting game
Federal News Radio
Nearly two years after Congress passed a law allowing federal employees to ease into retirement on a part-time basis, the Office of Personnel Management is still finalizing regulations spelling out how exactly federal employees can join the program. OPM now says it hopes to have regulations finalized by October.
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OPM slashes retirement backlog in first part of 2014
Federal News Radio
The Office of Personnel Management cut the longstanding backlog of pending retirement claims by more than a third in the first half of 2014. By the end of May, the inventory of claims had fallen to about 14,500, according to new OPM data. That's down 38 percent from a peak of more than 23,500 claims in February.
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Federal government continues to shed jobs
Government Executive
The federal government overall lost about 5,000 jobs in May, according to the latest numbers from the Bureau of Labor Statistics. Federal jobs, excluding the U.S. Postal Service, decreased by 2,800 last month while the Postal Service lost 1,600 jobs in May, after gaining 800 jobs in April. The federal government, including the Postal Service, lost 3,000 jobs in April and about 9,000 in March.
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Bernie Sanders, John McCain strike VA deal
POLITICO
Sens. Bernie Sanders and John McCain have struck a deal on legislation to reform the Department of Veterans Affairs to expand veterans' access to health care and make it easier to fire VA officials for misconduct. The compromise measure includes pieces of three VA bills that have been introduced in the Senate.
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GOP leaders: Cut Saturday mail service to pay for roads
Roll Call
There were plenty of bipartisan hallelujahs with last month's House passage of a water resources and infrastructure bill — enough so that Transportation and Infrastructure Chairman Bill Shuster, R-Pa., is now cautiously optimistic about passing a highway bill this summer. But the GOP leadership's plan to save the Highway Trust Fund from running out of money before the August recess is likely to be more controversial than the water bill — especially if the plan means no more Saturday mail delivery.
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How do VA firings compare to governmentwide firings?
The Washington Post
Lawmakers and veterans groups are insisting that the Department of Veterans Affairs must hold accountable any employees who are responsible for widespread falsification of scheduling records at VA hospitals.
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FINANCES


Your minimum retirement age and how it will impact your federal employee annuity
FedSmith.com
Under the Federal Employee Retirement System, there is an option where federal employees can retire at their minimum retirement age with as little as 10 years of service. This option is commonly referred to as MRA+10, but the Office of Personnel Management has another name which is equally descriptive: reduced. An employee who elects to retire under the MRA+10 criteria will be subject to a 5 percent reduction for each full year they are under the age of 62 (5/12 of 1 percent for each full month).
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HEALTH


Nine health-saving tips experts want men to know
The Dallas Morning News via Seacoast Online
"Where do we start?" says Sid O'Bryant, associate professor of internal medicine at UNT Health Science Center in Fort Worth. "There are a lot of things I want to convey, not only for men to understand they're not just important for the heart, but also for how your brain ages." One of the key things he finds frustrating is how men don't think about brain health during aging.
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TRAVEL


Seven frugal retirement travel tips
U.S. News & World Report
Travel is one of the top goals Americans have for retirement. But that doesn't necessarily mean we prioritize saving up for our trips. For most people, it's already difficult enough to maintain the same lifestyle without a regular paycheck in retirement. However, travel can improve our mood and general outlook about life and be a component of staying healthy.
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SECOND CAREERS


For some retirees, a second act is easier than expected
The New York Times
Never in a million years did Cheryl Delaney expect to spend her retirement working with the elderly. Her entire career had been in the financial sector — as a bank officer and loan administrator, in collections and finally as an office manager at Fidelity Investments in Boston. Changing bedpans was not on her bucket list.
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CONSUMER TIPS


How to avoid scams when renting a vacation home
Waco Herald Tribune
It's nice to have a little variety when taking that memorable trip. Sure, there are plenty of nice hotels, but renting another person's home, condo or apartment can be a fun alternative. Even with the enjoyment of vacation, there are scammers ready to rip you off and rain on your parade.
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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
Patrick McCoy, senior content editor, 469.420.2603   Contribute news
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