NARFE opposes change in COLA formula
NARFE and more than 50 other organizations are urging Congress to protect the current method of calculating the annual cost-of-living adjustment for federal civilian retirement, Social Security, Supplemental Security Income, military retirement and veterans benefits. A proposal to change from the current formula, which uses the Consumer Price Index for Urban Wage Earners and Clerical Workers, could be part of a deficit-reduction deal on Capitol Hill. "Proposals to substitute a 'chained CPI' calculation for the current index are inaccurately characterized as a 'technical adjustment' and will substantially reduce the current and future benefits of the constituencies we represent," the groups said. For the full text of the letter and list of organizations signing it, click here.
Paying health insurance premiums in retirement
Question: I am retiring next year and want to know how federal retirees make health insurance premium payments. More
Leaving feds out of deficit deal wins bipartisan support
Government Executive Share
A bipartisan group of lawmakers — all representing areas heavily populated by federal employees — has a message for President Barack Obama and colleagues in Congress: Leave the federal workforce alone. The nine House members, all representing districts in Washington, Maryland or Virginia, said federal employees have "paid their fair share" toward reducing the deficit, and any deal to avoid the "fiscal cliff" should not further target the group. More
Pay emerges as top gripe in latest employee satisfaction survey
Federal Times Share
Employees' satisfaction with their pay declined more than any other job satisfaction factor over the last year, according to results of the 2012 Employee Viewpoint Survey conducted by the Office of Personnel Management. A federal pay-scale freeze has been in effect since January 2011 and is due to continue at least through March. More
New technologies key to Postal Service revitalization
Federal News Radio Share
When Ellis Burgoyne started at the U.S. Postal Service in 1978, the idea of receiving mail online or tracking it via GPS was unimaginable. But today, the mail carrier turned chief information officer is leading a team of technologists and IT specialists making that a reality. In 2013, Burgoyne said his office will focus on five main projects aimed at cutting costs while improving efficiency and growing revenue. USPS needs help in that department after finishing fiscal year 2012 $15.9 billion in debt. More
Women face higher costs in long-term care insurance
The Wall Street Journal Share
Shopping for long-term care insurance is about to get even trickier for families — and potentially costlier. Until now, insurers have charged the same premiums regardless of gender for the policies, which help pay for future nursing-home, assisted-living and home care. But beginning early next year, Genworth Financial, the country's largest long-term care insurer, plans to start charging women applying for coverage as much as 40 percent more than men. More
Tips for healthier holiday eating
The Thanksgiving meal is now behind us, but the holiday eating season is just beginning. Over the next couple of months, friends and family will call, party invitations will arrive and busy schedules will mean holiday cheer bursting with waist-expanding calories. That doesn't mean you'll have to ring in the New Year with a few extra pounds. More
Family retirement, inheritance conversations lost in translation
Los Angeles Times Share
Retirement planning, elder care and wills are touchy subjects for most people, but they're especially rife with anxiety, miscommunication and disagreements for parents and their adult children, according to a new report. The majority of both groups — aging parents and their children — say they feel more comfortable talking about future financial decisions with third-party financial professionals than with each other, according to a survey by Fidelity Investments. More
9 tips to help jobseekers beat age bias
Age discrimination is alive and well in the United States, but there are strategies mature job seekers can employ to improve their chances of overcoming it. The first challenge is to avoid getting discouraged. While anti-discrimination laws have gone a long way to reduce age-based layoffs, bias in hiring is difficult to root out, said David Neumark, a professor of economics and director of the Center for Economics & Public Policy at University of California at Irvine. More
Reduced expectations force Americans to delay retirement
It's official: Americans are not ready to retire. According to recent retirement studies from both BlackRock and Merrill Edge, half of American investors realize they will have to delay their retirement dates and reduce their desired lifestyle in retirement because they haven't saved enough. More
Top 10 'dead zone' travel destinations
Airfarewatchdog.com via USA Today Share
What's the most wonderful time of the year? For seasoned travelers, the prize goes to the weeks leading up to Dec. 25 — and not just because all the decorations are up. The weekend after Thanksgiving marks the beginning of one of the best times for travel bargains; enterprising and flexible types can land some surprisingly good deals, and not just on airfare. So quiet are these few short weeks, industry insiders refer to them as "a dead zone." More
7 must-know tips for holiday shopping
If you want to know how to snag the best deals of the holiday-shopping period, keep tabs on what retailers are saying about sales and traffic to the stores. Not all holiday-shopping periods are equal, so you need to know how this year is unfolding to gauge what lies ahead. Retailers tend to be a nervous bunch during this crucial selling season when some can book as much as 70 percent of an entire year's worth of sales. More
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