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Main Home Page   Members Home Page   Public Relations Jul. 31, 2012


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Open Season begins Nov.12
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The Office of Personnel Management has announced that this year's Federal Benefits Open Season will run Nov. 12-Dec.10. New for this year, all Federal Employees Health Benefits Program plans will provide on their websites a summary document detailing information about health plan benefits and coverage, as required under the Affordable Care Act. NARFE magazine will provide comprehensive analysis of many FEHBP plans in its October, November and December issues. More

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Excluding tax-free portion of annuity
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Question: When I retired under the Civil Service Retirement System, I computed the tax-free portion of my monthly annuity and was advised that I may continue to exclude the amount until I have fully recovered my after-tax contributions to the CSRS. Will the Office of Personnel Management advise me when I have fully recovered these contributions and no longer can deduct the amount on my tax forms? More

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Report: TSP faces challenges in adopting socially responsible investment fund
Federal News Radio    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Federal employees looking to adopt a more socially responsible approach to their retirement savings plan may find that it's not an easy — nor necessarily more profitable — thing to do. That's the finding of a recent report released by the Government Accountability Office after investigating the pluses and minuses of adding a socially responsible investment option to the government's Thrift Savings Plan. More

Forecast: 89,000 civilian job cuts at DoD under sequestration
Federal Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A House Republican says looming budget cuts at the Defense Department could cost 89,000 civilian employees their jobs. Rep. Randy Forbes, R-Va., chairman of the House Armed Services subcommittee on readiness, said at a hearing that the estimate is based on an 11.3 percent cut across all Defense Department accounts, except for military personnel, which he assumes would likely be exempted from cuts. The budget cuts would be required by sequestration, which are automatic cuts that would be triggered Jan. 2 if a long-term budget-cutting deal is not struck. More

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Children of gay federal workers may receive health coverage
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A proposed rule would extend health insurance to the children of gay people who are partnered with federal employees. But the domestic partners themselves would still be blocked from coverage because of the federal law that defines marriage as between one man and one woman. The rule, proposed by the Office of Personnel Management, was written in response to a 2009 memo by President Barack Obama that asked the agency's director to figure out where it was possible to extend benefits to qualified same-sex partners of federal workers and their families under the confines of the current law. More

Study: No perfect way to compare private- and public-sector pay
Government Executive    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Recent studies aiming to compare federal and private-sector pay have reached opposing conclusions based on differing data and methods used, according to a new watchdog report. The Government Accountability Office analyzed six studies that measured the pay variations between feds and their private-sector counterparts, and concluded that each study's methods and data provide an inconclusive picture. More

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4 expenses to reduce after retirement
U.S. News & World Report    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Once you leave your job, you may be able to get by on less money than you did while employed. There are many expenses associated with working that can be reduced or eliminated upon retirement. Here are four costs to cut after you retire. More

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Cholesterol myths that may surprise you
Yahoo Health    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Life insurance companies know a surprising secret about cholesterol that most doctors never tell patients: When it comes to rating your risk for a fatal heart attack, the least important cholesterol number is your level of LDL (bad) cholesterol. In fact, life insurance actuaries don't even look at LDL levels because large studies show it's the worst predictor of heart attack risk. Instead, life insurance companies use a simple math formula to rate your heart attack risk: They divide your total cholesterol by the level of HDL (good) cholesterol. More



Top 6 reasons caregivers need sleep
AgingCare.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A good night's sleep. For the ever-vigilant, ever-stressed caregiver, the thought of getting a solid eight hours may seem like a pipe dream. And you're not alone. The National Center for Sleep Disorders estimates that between 10 and 15 percent of American adults suffer from chronic bouts of insomnia. Yet, studies linking inadequate sleep to a number of physical and mental ailments continue to pile up. Begging the question: Can anyone, especially those taking care of an elderly loved one, afford to skimp on their snoozing? More

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Tips for boomers looking to launch their own business in retirement
Fox Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Baby boomers are reshaping the idea of retirement with many of us choosing to continue to work in some capacity. Whether boomers are staying in the workforce to stay active and involved in the marketplace or looking for an income stream in their golden years, a home-based business allows you to work according to your own schedule and pace and, best of all, be your own boss. Paul and Sarah Edwards, authors and sustainable lifestyle experts, shared their expertise and knowledge of many different aspects relating to home-based businesses and what baby boomers need to know before launching their own venture. More



Retirement saving a top priority for many
FEDWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Saving enough for retirement to avoid having to ask family members for assistance is a top priority for many in their financial planning, while there is also a strong sense of responsibility to take in a parent if they need help due to a major health or financial issue, according to a study done by the MetLife Mature Market Institute. More

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The 4 most expensive travel mistakes you can make
DailyFinance    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With airfare and hotel prices on the rise, plus the added expense of eating out and buying those souvenirs, the costs of eating out and getting around, and those souvenirs you can't resist, the cost of a trip can easily spiral out of control. And while you may not want to think about it while you're on vacation, every dollar you spend on your trip counts. You may not always be able to avoid the cab driver who takes you out of your way, but if you avoid these four pricey travel mistakes, that extra fare won't hurt nearly as much. More



The 3 best places to complain about a company
U.S. News & World Report    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For consumers who feel wronged by a company, there's no shortage of places to complain: In addition to social media outlets such as Facebook and Twitter, the Consumer Financial Protection Bureau now welcomes complaints about financial products, and many companies have beefed up their social media teams. But what's the most effective way to get results? More



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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.

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
Bianca Gibson, senior content editor, 469.420.2611   Contribute news
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