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NEWS FROM NARFE

Exclusion of Chained CPI from President's budget garners win for NARFE
NARFE
"NARFE is pleased to learn that the President will not, in his Fiscal Year 2015 Budget to Congress, include a proposal to use the Chained CPI to calculate annual COLAs," announced Joseph A. Beaudoin, president of the National Active and Retired Federal Employees Association (NARFE). "This flawed proposal should be taken off the table once and for all, and it is heartening to see the President has changed course on the Chained CPI. Our nation’s seniors, veterans and federal retirees should never be pawns in the budget game." To read the complete press release, including a brief look-back at NARFE members' advocacy campaign against the Chained CPI, click here.
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FEDERAL BENEFITS QUESTION OF THE WEEK


Military service credit
NARFE
Question: I am receiving military retired pay. Will I be able to use any of my military service in the computation of my civil service annuity?
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FEDERAL UPDATE


Obama dumping chained CPI, which feds, employee groups strongly opposed
Federal News Radio
A cost-cutting measure that many federal employees and their supporters opposed will not be part of President Barack Obama's 2015 budget proposal, which is due out on March 4. That's what unnamed White House officials told the Associated Press recently.
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Obama to propose 1 percent pay raise for federal workers, troops
McClatchy DC
President Barack Obama will propose a 1 percent pay raise for federal employees and members of the military in his budget, according to a senior administration official who was familiar with the proposal but not authorized to speak publicly. The increases are consistent with raises employees and troops received this year.
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The TSP's new millionaires
Government Executive
Saving a million dollars for your retirement is quite an accomplishment. Saving a million dollars in an average of 25.7 years in the federal Thrift Savings Plan (TSP) is a really big accomplishment. As of December 2013, more than 1,600 TSP participants can say that they have done just that.
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Reports: Defense Department to cut Army to pre-WW II size
CNN
The Department of Defense plans to scale down the nation's Army to its pre-World War II size and do away with an entire class of Air Force attack jets in an attempt to cut military spending, which mushroomed after the attacks of Sept. 11, 2001, according to reports.
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Poll: Half of feds considering leaving government
Federal Times
Pay freezes and the prospect of a better salary in the private sector are driving half of federal workers to think about jobs outside the federal government, according to a new poll. The Market Connections, Inc., and FierceGovIt poll of 370 federal employees found frustration with the current work environment as well as concerns about replacing experienced government employees as they retire.
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FINANCES


Wills vs. trusts: What's best for retirees?
Forbes
While it can be difficult to confront your own demise, setting up an estate plan is important to ensuring that your wishes are followed and your loved ones taken care of after your death. There are many estate-planning vehicles available to you, but two of the most common are wills and trusts.
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HEALTH


New evidence on how weight, diet and exercise can help reduce cancer risk
The Washington Post
Cutting your risk of cancer is no longer just about shunning tobacco. Be lean. Eat healthfully. Get active. Common-sense lifestyle strategies for lowering the risk of heart disease and diabetes are now being shown to help prevent many types of cancer.
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TRAVEL


What's hot in travel right now?
Daily Herald
It's been a get-me-outta-here kind of winter. People craving a change of scenery or pining for better weather are booking lots of beach vacations now. But they're also planning trips to explore Cuban culture in Havana, cruising past castles on a German river and renting hip condos in San Francisco. AAA Chicago reports a sharp increase in bookings to warm weather destinations, like Hawaii and Mexico, at all of their 27 Chicago-area branches.
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SECOND CAREERS


Baby boomers choosing a second career over retirement
Business 2 Community
There is a glut of baby boomers getting ready to retire. In fact, according to some AARP statistics, upwards of 8,000 boomers will reach retirement age every day for the next 18 years. But just because the U.S.' largest generation hits the 65 year mark, doesn't mean they are always keen on retiring. One Gallup poll estimates that one in 10 eligible retirees who are currently working don’t plan to ever leave the workforce.
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CONSUMER TIPS


BBB urges caution with refund loans
Tyler Morning Telegraph
In a hurry to receive your tax refund? Some tax preparers offer tax refund anticipation loans to allow consumers to receive tax refunds in a hurry. However, BBB advises consumers to be wary of these costly loans, as in most cases, refunds are delivered only slightly faster than the IRS.
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We are NARFE. Join us!
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
Caleb Gremmer, content editor, 469.420.2648   Contribute news
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