Congress tees up crucial votes on debt limit
The Washington Post Share
A bipartisan effort in the Senate to allow President Barack Obama to raise the federal debt ceiling in exchange for about $1.5 trillion in spending cuts over 10 years gained momentum as leaders agreed they would have to act by the end of July to avert a potential default by the U.S. government. The growing sentiment for raising the federal limit on U.S. borrowing sets the stage for largely scripted actions on Capitol Hill, where leaders in both chambers are looking to build support for the plan being crafted by Senate Majority Leader Harry M. Reid, D-Nev., and Senate Minority Leader Mitch McConnell, R-Ky. More
Retirement & Financial Planning Report Share
High-income seniors pay extra for Medicare Part B, which covers doctors' bills. That's especially painful for married couples if both spouses are on Medicare. With joint income over $170,000, a married couple will pay two above-average premiums. If you're in such a situation, you can appeal. More
Administration ducks employees' default questions
The Washington Post Share
Federal employees have questions about how a potential financial default by the government would affect them, but the Obama administration has no answers. As reported by The Washington Post, a coalition of federal employee organizations wants the administration to clarify the impact a failure to raise the government's debt ceiling could have on federal workers. The Federal Diary and other federal groups asked a series of questions about concerns, only to have administration officials answer with a series of "no comment." More
Lawmakers push to reform federal workers' compensation program
House lawmakers are set to consider reforms to the government's compensation program for federal workers injured on the job. Rep. John Kline, R-Minn., recently introduced legislation that would alter the federal workers' compensation program for the first time since 1974. The bill would streamline the claims process, update the benefits available to government employees and improve accountability for federal agencies. "Leaving government programs on autopilot for decades is simply unacceptable," Kline said in a statement. More
Falls linked to early Alzheimer's disease
USA Today Share
Falling may be an early sign of Alzheimer's, according to new research. Older people whose brain scans showed signs of amyloid — an early indicator of Alzheimer's disease — but who were otherwise healthy, had twice the risk of falls as people without brain amyloid. The study is being presented at the Alzheimer's Association's annual International Conference in Paris. More
Children safer with grandparents behind the wheel
Children who are driven by their grandparents are less likely to suffer from serious injury if they're involved in a crash, says a new study in the journal Pediatrics. Researchers found that, even though grandparents are in an older group with a higher risk of severe crashes, children driven by their grandparents suffered fewer injuries in crashes and were actually safer than children driven by their parents. "With more and more baby boomers becoming grandparents, we were concerned about children in crashes with grandparents," said Dr. Fred Henretig, lead author and an attending physician in the the Children's Hospital of Philadelphia's Department of Emergency Surgery. More
How to navigate a job fair
Preparing to attend a job fair takes more than pressing your suit and polishing your résumé. With the U.S. jobless rate stuck just above 9 percent and numbers for unemployed workers over 45 on the upswing for the first time this year, people are using any and all means to find open positions, including attending local and regional career fairs. These one-day employment extravaganzas can attract hundreds or even thousands of job seekers, so it pays to get a head start. Whether you're returning to work or looking for a new challenge, here's advice from two career experts about what to do to get ready for a job fair. More
Survey: Boomers not interested in traditional retirement
Workforce Management Share
Retirees, and those about to retire, are very slowly regaining their optimism. A new survey heralded a post-crisis rebound — at least emotionally — among the over-55 crowd. Before the recession, 62 percent of those polled felt secure about their financial situation. Perhaps some of that positivity is based on baby boomers' realistic expectation that they'll be working through their retirement. More
5 new spa trends to sample this summer
What's summer for if not for relaxation, and what says relaxation better than a spa day? But the usual steam, sauna and Jacuzzi combo just doesn't cut it anymore when it comes to the country's top spas. Instead, spas are adding features borrowed from the healing and wellness traditions of Europe, Asia and the Middle East, demonstrating that they take the healing aspect of spa-going seriously. More
Magazine declares it knows 'best deals on everything'
The new Money magazine is out with a feature called the "Best Deals on Everything," although the results are not exactly what you might expect. The magazine divided its deals into several categories, including cars, technology, food, wine and travel. More
A NARFE member asks about retiring before minimum age
Question: I plan to retire before my minimum retirement age of 56. I'm planning on retiring in four to six years, which means I will be either age 52 or 54, with 24 or 26 years of federal service under the Federal Employees Retirement System. I assume my only option is to defer my retirement. What is the earliest age I can start drawing my retirement annuity, and what type of reduction will I be taking? I also wanted to know if I can still keep my health insurance and my life insurance. More
Call Congress and the White House on July 27, 'National Call-In Day'
NARFE has designated July 27 as "National Call-In Day" and is urging all NARFE members to use the Association's toll-free phone lines to call Congress and the White House and let their voices be heard. During the current discussion on our nation's fiscal situation, NARFE has said that, while we understand there will be sacrifice, federal retirees and workers should not be singled out unfairly. The August issue of NARFE magazine carries more information on "National Call-In Day," including the toll-free phone numbers to use and suggested messages for Congress and the White House. Watch for your issue of NARFE magazine and take 10 minutes to defend your earned benefits on July 27. More
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The National Active and Retired Federal Employees Association is the only organization dedicated solely to protecting and enhancing the health care and retirement benefits of federal employees and their survivors.
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