Extended pay freeze, layoffs likely
Federal Times Share
The supercommittee's failure to strike a deficit deal and triggering of $1.2 trillion in sequestration cuts could prompt the most drastic government realignment since the Clinton administration. The sequestration cuts technically begin in January 2013, but experts say agencies will probably start laying the groundwork this fiscal year to prepare for those budget reductions. That's likely to mean 2012 will see a hiring freeze, buyouts and early outs, and maybe even layoffs through reductions-in-force to start bringing payroll costs down. More
Pressure on benefits eased, for now
The failure of the congressional supercommittee to put together a package of deficit-cutting recommendations eases, at least for the short run, the likelihood of cuts that would directly impact federal workers. The committee had under consideration options that have circulated all year, including raising employee contributions to retirement, extending the salary schedule freeze beyond 2012 to 2013 or 2015, mandating a percentage reduction in federal employment and many others. More
'Passback Day' is a key date in the federal budget process
The Washington Post Share
For hundreds of federal budget analysts, the Monday after Thanksgiving is a day to step back, take a deep breath and prepare for a stressful holiday season, marked less by parties and gift-giving and more by complex political maneuvering and tricky math. "Passback Day," as the last Monday of November is known in budget circles, is when the White House and the Office of Management and Budget literally pass back drafts of proposed budgets for the next fiscal year to agencies and departments and begin a series of negotiations in hopes of completing a final budget proposal for President Barack Obama by January. More
The Social Security spousal benefit
One of the most confusing concepts in the Social Security retirement system is the spousal benefit. This option allows one spouse to file for benefits and the other spouse to receive a benefit based upon the first spouse's retirement benefit. The greatest amount that the spousal benefit could be is 50 percent of the Primary Insurance Amount, generally equal to the retirement benefit at full retirement age of the spouse who has filed. More
5 nutrition trends that are worth adopting
Maryann Tomovich Jacobsen, M.S., R.D., a registered dietitian with 15 years experience in the nutrition field, writes, "In my 15 years as a registered dietitian, I've been very reluctant to jump on 'nutrition bandwagons.’ I like to take my time, watch the science and make the best decision possible. Yet, over the last several years, I've found myself adopting some of the hottest nutrition trends. A lot of it has to do with the science, but another reason is the compelling stories behind them. More
Travel industry offers fun for the whole family, including grandparents
The Record Share
How older job seekers can find the right work
The Charlotte Observer Share
It's a frustration that career coach Mark Burch hears quite often: Why do older workers have such a hard time finding jobs? "The thing is, these folks have another good 15 to 20 years of productive work left," Burch said. "This is a time where they should be maximizing their income and capitalizing upon their experiences in their jobs." More
Why Americans are pushing off retirement
Business Insider Share
Some people are planning to retire when they reach a certain age, such as when they become eligible for Social Security or Medicare, or can begin to draw a pension. Other investors are aiming for a specific number in their bank account before they leave their job. A new survey suggests that hitting a retirement savings goal is now a more compelling reason to retire than turning 65. More
5 great off-peak winter travel destinations
U.S. News & World Report Share
If you still haven't taken that much-needed vacation, make the most of some of the latest winter travel deals. Set your sights on an off-peak destination to get the best rates on hotel and resort stays, flights and even tickets to area attractions. Get away from the cold and snow to enjoy a few days of sunshine, relaxation or a cultural adventure. More
Use credit and gift cards for holiday shopping
CBS News Share
Most shoppers plan to shop online to complete their holiday gift shopping. In fact, it's almost a necessity because retailers will be stocking lean inventories, so expect popular items in stores to run out fast, making shopping online the only way to get some items. One of the most popular activities is browsing for gift ideas and comparing prices. The payoff is time saved by avoiding traffic jams, parking lot hassles and crowds at the mall. More
Will re-employment in the federal government affect my annuity?
Question: I am an active federal employee, and I am going to take an early out. If I ever return to work for the federal government, will this affect my annuity? More
NARFE urges House passage of federal workers' compensation reform
NARFE President Joseph A. Beaudoin sent a letter to all 435 members of the House, urging them to vote for a bill that would reform federal workers' compensation laws. The Federal Workers' Compensation Modernization and Improvement Act, H.R. 2465, was scheduled to be voted on by the House today. "The legislation combines much-needed adjustments to compensation for the worst-case injuries and commonsense cost-saving measures that should improve the processing of claims and reduce improper payments and fraud," Beaudoin said. For the full text of Beaudoin's letter, click here.
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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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