NARFE seal image   logo-narfelogo-Chapter 65

SAN FRANCISCO, CA

Legislation Report

July 2015

LEGISLATIVE OFFICER: JON LAMPMAN, ph: (925) 228-8501

As mentioned in President Hall's message our Federal personnel records may be compromised by a cyber-attack. NARFE has numerous on-line resources to assist active and retired Federal workers: http://www.narfe.org/legislation/articles.cfm?ID=3835. NARFE members without internet access should telephone NARFE at 800-456-8410. NARFE members should also consider reading NARFE's position on a proposed rule concerning the rollover of Thrift Saving Plans into Individual Retirement Accounts at http://www.myfederalretirement.com/public/1376.cfm. The Department of Labor proposed a rule that "will help protect individuals, including federal employees and retirees, from receiving bad retirement investment advice. If finalized, the rule should result in better investments and/or lower fees and therefore, greater returns on the hard-earned retirement savings of millions of Americans." Unfortunately, the House Appropriations Committee recently voted to deny funding for the Department of Labor to implement this proposed rule. For additional information, go to http://www.federalnewsradio.com/180/3877999/NARFE-TSP-savings-at-stake-in-feud-over-Labor-Dept-rule.

Jon Lampman
Legislation Chair

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