President's Message
Bill Summerhill represented Chapter 185 at a retirement seminar in mid March. Bill had the opportunity to talk with local federal employees about the benefits of NARFE membership.
Our national office has been working to support legislation to protect and
enhance the benefits of federal employees and retirees. The president and congress
are looking for ways to cut the budget. In fact, President Obama has established
a Deficit Panel to recommend action. The NARFE Magazine (April) reports that
NARFE plans to point out to the panel that federal civil service retirement
benefits are fully funded and actuarially sound and should not be swept up in
the effort to achieve political and deficit-reduction goals. Don’t forget
that April 15 is upon us. If you are unable to complete your tax return on time
be sure to request an extension. As you think about money be reminded that con
artists are on the move. (See April NARFE Magazine.) Be alert, if things sound
too good or strange there is probably a reason. Don't invest in anything you
don't understand. If return on investments is much greater than the competition,
the likelihood that you will lose your money is also much greater. Now is a
good time to review your financial papers to be sure they are in order. Who
is the owner of your house, car, insurance policy, and bank accounts? Who will
receive the property at the death of the owner? Have beneficiaries changed?
Recently a divorced woman who was the family breadwinner when her children were
growing up told me about the consequences of her oversight. Her parents had
taught her the importance of insurance and burial plots. She duly purchased
these then forgot about them. (Remember 50 years ago in many states women did
the property his first wife had purchased.
Board Positions to be filled
.. Alzheimer’s Chair
.. Secretary (Berness Whitmire
is ill and has requested assistance with her position as secretary.)
Let your
president know how you can assist.