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Feds overpaid? OPM launches study to get at truth Federal Times Share     The federal government, smarting from months of accusations that its employees are vastly overpaid, in September will begin reconsidering the way it determines the gap between federal and private-sector employees' pay. Office of Personnel Management Director John Berry said that pay and economic experts from his agency, the Office of Management and Budget, and the Labor Department will review the method the government uses to measure pay — which consistently finds federal employees earn 22 percent less on average than their private-sector counterparts — and decide whether any changes are needed. More Advertisement
 7 steps for 2010 heirs Forbes Share
Ever since the estate tax lapsed on Jan. 1, there's been a lot of talk about the windfall it's creating for families of wealthy people, including billionaires, who have died in 2010. But behind the scenes, lawyers and accountants are wrestling with a far more practical problem that affects all inheritors this year: the tangled new income tax rules that apply to assets inherited in 2010. More Are life insurance-LTC combos really a good deal? National Underwriter Share
Life insurance policies sold with long term care riders are generally marketed to people around age 60 as an answer to long term care concerns. They are usually more economical to purchase with a single premium rather than monthly or annual premiums, which would total much more over a lifetime. It is common for the single premium to be a third to half of the death benefit, depending on the size of that death benefit. More
 Personnel chief: Telework makes sense, especially during emergencies Government Executive Magazine Share
Since being confirmed as director of Office of Personnel Management in April 2009, John Berry has spoken extensively about the need for telework. Telework capabilities are a key aspect in ensuring viable continuity of operations programs, as well as the continuance in an uninterrupted fashion of important government services and functions. OPM has set a strategic goal to increase the number of eligible federal employees who telework by 50 percent from fiscal 2009 to fiscal 2011. More Advertisement
 Medicare expands coverage of tobacco cessation The Hill Share
The Obama administration expanded Medicare to cover more seniors hoping to kick their tobacco habits. Under previous rules, Medicare covered tobacco-related counseling only for beneficiaries already suffering from a tobacco-related disease. Under the new policy, Medicare will cover as many as two tobacco-cessation counseling tries each year, including as many as four individual sessions per attempt. More More than 3 million seniors may have to switch drug plans The Associated Press via Google News Share
A plan by Medicare to try to make it simpler for consumers to pick drug coverage could force 3 million seniors to switch plans next year whether they like it or not, says an independent analysis. That risks undercutting President Barack Obama's promise that people can keep their health plans if they like them. More  Caring for a loved one with Alzheimer's: New insight on memory care U.S. News & World Report Share
Paul Raia, vice president for patient care and family support at the Massachusetts and New Hampshire Alzheimer's Association says the most significant developments in memory care have been on the care side, rather than pharmaceutical approaches. According to Raia, 5.1 million people in the U.S. suffer from Alzheimer's. More Building homes to age in Kaiser Health News Share
As Americans live longer than ever, some will find it difficult to stay in their beloved homes: Steep stairs or a slippery shower can pose dangers, and standard houses are not wheelchair accessible. With 78 million baby boomers about to hit retirement age, some say the time is ripe to overhaul the way homes are designed. More Advertisement
 Tips for finding the best retirement jobs Helium Share
Most people, when anticipating retirement from a long held job, will know how they want to spend their next five, 10 or 15 years. Many will look for another job. And for most, this will be different from the former job, but not always. Perhaps they will want to continue on in the same type of work, but others will want a change of pace, slower, more reflective of their creative talents, less stressful and more fulfilling. More  Baby boomers in shaky retirement position AARP Share
Fifty-somethings Ronald and Julia Maupin know just how it feels to be sandwich boomers, taking care of boomerang children and aging parents. The Maupins are on track facing retirement with confidence because of careful planning and smart investment moves. But many other boomers aren't faring as well, financial advisers say, because they aren't planning and saving for retirement. Their shortsighted financial behavior coupled with a shaky economy and unanticipated pressures on their time and resources threaten to sabotage their retirement dreams. More Best dates to retire 2011 Government Executive Magazine Share
It's a good idea to start making plans to retire at least a year in advance of when you actually want to go. In other words, it's not too early to start planning for 2011. So let's take a month-by-month look at next year's best dates. More  Tips for a stress-free flying experience USA Today Share
It is tough to be a passenger these days. There have surely been plenty of travelers, stuffed in coach with crying babies, rolling eyes and empty wallets, who have wanted to make a quick exit down the emergency slide. More
 7 strategies for model year-end car shopping Smart Money via Wall Street Journal Share
The auto industry is beginning to show some signs of improvement. Sales of cars and light trucks were up 5 percent in July, compared to a year earlier. Ford reported better-than-expected second-quarter earnings last month on a 20 percent jump in sales. General Motors stands at the cusp of an initial public offering. Although investors in the auto sector may welcome these developments, anyone in the market for a new car might be less enthusiastic. More  A NARFE member asks about going to self-only FEHBP coverage NARFE Share
QUESTION: My husband and I are both retired federal employees. Under the Federal Employees Health Benefits Program, he has always carried Blue Cross/Blue Shield (standard, family). He is enrolled in Medicare Part B. I am age 62 so have three years before I will be eligible for Medicare coverage. We have considered changing to two self-only plans during the next Open Season because we will save more than $500 on the premiums. Are there any negatives to this change that we should consider? More  OPM Director John Berry delivers keynote address at NARFE National Convention NARFE Share
John Berry, director of the Office of Personnel Management, spoke at the Opening General Business Session of the 31st NARFE National Convention in Grand Rapids, Mich. NARFE President Margaret L. Baptiste presented Berry with a copy of a new book tracing the 90-year history of NARFE. The Association will celebrate its 90th anniversary in 2011. The convention marks the kick-off of the anniversary celebration. More Are you a member of NARFE? If not, join today! NARFE Share
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. More |
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