Sens. James Lankford (R-Okla.) and Heidi Heitkamp (D-N.D.) are sponsoring the Representative Payee Fraud Prevention Act of 2015. It would protect federal retirees who rely on outside providers to manage their retirement savings and pension benefits. But it’s not law yet. And knowing who you can trust can be tricky. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, shared some advice for finding that someone on In Depth with Francis Rose.
Federal retirement benefits don’t have legislation in place to protect against fraud. Sen. James Lankford (R-Okla.) tells Francis Rose he plans to address that.
Union leaders differ on the new Postal Service Reform Act introduced in the Senate, which is meant to make the USPS more financially stable but could have ramifications for employees’ health care.