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This issue of NewsWatch is provided by NARFE, a nonprofit membership organization dedicated to protecting and enhancing the earned pay, retirement and health care benefits of federal employees, retirees and their survivors. Please join today!

NEWS FROM NARFE

NARFE's on social media: Join the conversation
NARFE
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

NARFE's members are well informed on their benefits and retirement options. Qualified benefit specialists are on hand to help members personally and to publish answers to questions like these every month in narfe magazine. Join NARFE today.


Beneficiary designations
NARFE
Question: I need to make changes in my beneficiary designations for the Federal Employees Retirement System and life insurance. Is it possible to do this online? If not, where do I get the necessary forms?
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STATE ADVOCACY NEWS


Website hosts state advocacy presentation
NARFE
NARFE's website provides useful information for state advocates and links to additional resources. To view the PowerPoint® slide presentation, click here. To find your state's elected officials, including your governor and state legislators, use the State Advocacy module of our Legislative Action Center. For a listing of the top five issues in your legislature, read the just-released second edition of CQ Roll Call's 50 State Project and learn about the journalists who cover your statehouse.
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FEDERAL UPDATE


Lack of legal protections threaten federal employees' retirement savings
FedSmith.com
Federal employees' and retirees' savings are threatened by poor financial advice that is not sufficiently regulated under current laws, according to Richard Thissen, president of the National Active and Retired Federal Employees Association. Testifying recently at a public hearing regarding the formulation on new rules on retirement investment advice, Thissen recounted the story of a former federal employee.
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Things don't look good for a 2016 COLA
Government Executive
It's becoming increasingly unlikely that federal retirees will receive a cost-of-living adjustment boost next year. The Bureau of Labor Statistics on Aug. 19 released the first of three very important numbers that will determine whether retirees get a COLA in 2016. Things aren't looking good: Based on the current data, there won't be a COLA increase next year, although things could change over the next two months.
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Sequestration spending cuts will be in the billions unless caps lifted
Federal News Radio
The Office of Management and Budget warned that unless Congress gets rid of legislative spending caps, civilian agencies would need to cut $1.8 billion in 2016 funding under the House’s version of the appropriations bills. In an update report sent to President Barack Obama on Aug. 20, OMB said spending caps under the Budget Control Act would remain in place unless Congress changes the law or delays enactment of sequestration in some way.
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Obama has until Aug. 31 to offer alternate pay raise plan
Government Executive
Another federal pay raise deadline is looming. The president has until Aug. 31 to formally announce his 2016 pay raise proposal for federal employees. He is expected to propose a 1.3 percent across-the-board pay hike for civilian federal employees – the recommendation he outlined in his fiscal 2016 budget and the amount he has supported so far throughout the year.
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FINANCES


The price you pay when adult children move back home
Fox Business
So, the last of your children have left the nest, and you are finally ready to enjoy your golden years. Not so fast, boomers. According to a Pew Research Center analysis released in July, more millennials are now living with their parents than during the Great Recession. As of the first four months of this year, young adults living in their parents' homes has increased from 24 to 26 percent.
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HEALTH


Caring for a parent with Alzheimer's disease
U.S. News & World Report
The number of Americans with Alzheimer's disease and dementia is estimated to soar to 7.1 million by 2025, a 40 percent increase from the 5.1 million affected this year, according to the 2015 Alzheimer's Disease Fact and Figures report published by the Alzheimer's Association. The picture doesn't look much better for 2050, when the number of people with Alzheimer's disease is projected to increase to 13.8 million.
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TRAVEL


Lonely Planet reveals its 'ultimate' travel destinations
CNN
Four decades after it began as a penniless backpacker's bible to traveling on the cheap, Lonely Planet is publishing what it says is the definitive guide to the world's top tourism attractions. The publisher has assembled a crack team of travel authors and experts to compile its "Ultimate Travel" list, ranking "mega-sights and hidden gems in a definitive wish list of the 500 best places to visit on earth."
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SECOND CAREERS


8 great reasons to be your own boss after 50
Next Avenue
Due to massive downsizing, forced early retirements and job burnout, more and more people 50-plus are looking for an alternative to a corporate job for the next stage of their lives. This article gives you eight reasons why becoming an entrepreneur can let you combine passion and profit and enrich your personal and professional life.
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CONSUMER TIPS


Save money without looking like a cheapskate
Kiplinger
Doing anything to save a buck can backfire. The shoddy products you bought simply because they're cheap probably won't work well or last very long. Ultimately, that's a waste of money. And holding up the checkout line while you search for the coupons you clipped can earn some angry stares from fellow shoppers. Even thrifty people care about appearances.
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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.

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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, News From NARFE and State Advocacy News, 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, Executive Editor, 469.420.2611   Contribute news
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