New Guide Shows You How States Will Tax Your Annuity
A new guide from NARFE gives federal employees an overview of state tax rates and how each state treats retirement income with respect to taxation.
NARFE
Reaction Mixed as Labor Department Issues Fiduciary Conflicts of Interest Rule
The Labor Department has issued its Conflicts of Interest Rule that requires investment advisers to act in the best interest of their customers rather than themselves. This is a summary of the new rules and reactions from various groups to the changes.
Obama’s Budget Proposes 1.6% Raise, 6 Weeks Paid Parental Leave for Federal Workforce
What is in the president’s budget for the federal workforce? Here are several highlights.
Expanding the Probationary Period For New Federal Employees
The National Active and Retired Federal Employees Association (NARFE) has asked the House of Representatives’ Oversight and Government Reform Committee to consider extending the probationary period covering new federal employees.
Budget Deal Includes Protections for Medicare Part B Recipients
Federal retirees who are also enrolled in Medicare part B will be glad to know that the budget deal put forth in the House includes language to protect them from a sharp increase in premiums.
Medicare If You Work Past the Age of 65
An individual who reaches the age of 65 becomes eligible for Medicare. However, if at the time they become eligible for Medicare, they are working at a job that provides them with health insurance, they will not be subject to the 10% Medicare Part B late enrollment if they enroll in Medicare Part B later than age of 65, as long as they enroll within the eight months after they retire.
NARFE Sets Up Web Page and Letters to Protest Medicare Part B Premium Increase
The National Active and Retired Federal Employee Association (NARFE) has started a web page devoted to opposing the projected 52% increase in Medicare Part B premiums.
When You Leave Federal Service, Will The Government Miss You?
An aging population of federal employees means that many are leaving federal service due to retirement. The National Active and Retired Federal Employees Association (NARFE) argues that this means there could be a damaging loss of institutional knowledge these federal workers take with them. However, the author points out that the turnover rate among federal employees is very low compared to the private sector and says that the loss of institutional knowledge from retiring federal workers might not be as bad as NARFE is projecting.
Legislation Introduced to Give Federal Employees 6 Weeks of Paid Parental Leave
Senators Brian Schatz (D-HI) and Barbara Mikulski (D-MD) are introducing companion legislation to go with a a House bill introduced earlier this year that would give federal employees six weeks of paid parental leave the birth, adoption or foster placement of a child.
G Fund Rate Cuts and a Possible Government Shutdown: NARFE Discusses Priorities for the New Session
With Congress back in session this week, John Hatton, deputy legislative director for NARFE, told FedSmith.com that his organization has several priorities in terms of legislation it wants to see passed by Congress to help federal employees, including avoiding another government shutdown and interest rate cuts to the TSP’s G Fund.
