Obamacare trips on long-term care costs

Freedom New Mexico One of the significant purported cost- savings of President Barack Obama’s massive health care overhaul was supposed to be the Community Living Assistance Services and Supports program, CLASS, which was to operate like a private insurance program collecting premiums upfront to pay later for long-term care. On Friday, the Department of Health […]

Business digest — July 26

Clovis couple wins $10,000 Shawn and Tina-Marie Schiller, members of High Plains Federal Credit Union in Clovis, were top winners in an 11-month Savings Challenge New Mexico contest, walking away with $10,000 after meeting three goals, according to a press release. The couple was coached by High Plains Federal Credit Union coach Tammy Lewis. The […]

Savings savvy: Three ways to teach your kids about money

Paula Sirois This morning I implemented a new program with my kids: He or she who yells, pushes or screams has to put $1 into a jar on the shelf. At the end of the week, whoever hasn’t broken the rules gets all the cash. By this afternoon, I had already deposited $5, my son […]

Letters to the editor: Reshuffling assistants not savings

Reshuffling assistants not savings Let’s see. The Clovis school system is eliminating art education assistants by moving them to other obviously unfilled EA positions. This will then save $168,000. Math isn’t my strong point, but as far as I can fathom the only way that the school system would save $168,000 would be by laying […]

Acquisition reform plays key role in cost savings

WASHINGTON — Defense Department officials have the opportunity to save billions of taxpayer dollars through acquisitions reform, but only if they grow their workforce with the right federal workers in place to oversee contracts, a senior Pentagon official said July 15. “There is a significant opportunity to save billions of dollars, but only if we […]

Savings bonds deductions moving to direct deposit

American Forces Press Service RANDOLPH AIR FORCE BASE, Texas — Airmen and Department of Defense civilians will use a new way to purchase savings bonds beginning Sept. 30 as part of the Department of Treasury’s cost-effective plan to issue savings bonds electronically. Instead of payroll deductions, savings bonds will be available through a direct-deposit deduction […]

2010 Thrift Savings Plan contributions remain at 2009 limits

American Forces Press Service RANDOLPH AIR FORCE BASE, Texas — The Federal Retirement Thrift Investment Board here announced Dec. 11 the 2010 elective deferral limit for regular Thrift Savings Plan contributions will remain at $16,500, unchanged from 2009. Contributions for the TSP catch-up plan also remains at the $5,500 limit set in 2009. “TSP is […]

Thrift Savings Plan options available to Airmen

By by Airman 1st Class Staci Miller: 52nd Fighter Wing Public Affairs SPANGDAHLEM AIR BASE, Germany — The Thrift Savings Plan is a government-managed, 401k-type payroll-deduction program designed to provide tax-deferred retirement plan for servicemembers and federal civilian employees. Military members can contribute any whole percentage of basic pay, as long as the annual total […]

Senator seeks end to Daylight Savings Time

By Steve Terrell: The New Mexican Have you been a little sleepy or slightly disoriented since the change to Daylight Savings Time this week? If so, a state Senate leader wants to help. Senate Majority Whip Mary Jane Garcia, D-Dona Ana, on Tuesday introduced a bill to get rid of Daylight Savings Time altogether. “Daylight […]

Dec. 1, 1945

C.V. Bridges, chairman of the Curry County Commission, reported the county had received its second road grader. … An Associated Press dispatch stated that $221,000 had been allotted by the Federal Public Housing Authority for a public housing project in Clovis. … First Federal Savings and Loan Association of Clovis, 116 E. 14th St., advised […]

Congress got one thing right: health savings

By Freedom Newspapers The lame-duck session of Congress that also marked the end of 12 years of Republican domination of the legislative branch ended Saturday morning with more of a whimper than a bang. Nine of the 11 “normal” appropriations bills remained unpassed, leaving the federal government to rely on “continuing appropriations” that will fund […]

Living debt-free harder than it looks

By Grant McGee: Local columnist I completed the Consumer Credit Counseling Services program a while back. A few years ago my bills got the better of me and started to drag me under. I reached out for a helping hand and CCCS grabbed it. When I was through I got a packet with a congratulatory […]

Charles W. Rutledge

Charles W. Rutledge, 68, died Nov. 4, 2005, in Albuquerque. He was born in Clovis in 1937, and worked for many years with First Federal Savings and Loan, where he became president in 1975. As a career banker, he demonstrated his flair for architecture and real estate development, and was the founding father of the […]

Bill to encourage savings shouldn’t use tax money

Freedom Newspapers New Mexico lawmakers are considering a bill that could create incentives, using some tax dollars, to spur savings for low-income families. House Bill 112 would appropriate $2 million to pay for a matching-fund mechanism. The bill remained in committee Tuesday. It should die there if the wording continues to allow any use of […]

Health-care coverage changes disputed

By Tom Philpott: Military Update The Bush administration, in its fiscal 2007 defense budget, unveiled its plan to raise TRICARE fees and deductibles for military retirees under age 65 and their dependents. Co-payments in the TRICARE retail pharmacy network also would climb, but for all beneficiaries except those on active duty. Marine Corps Gen. Peter […]

Encourage legislators to encourage savings

By Fred Nathan: Guest columnist The national savings rate is at its lowest point since the Great Depression, according to a report issued recently by the Commerce Department. Last year, Americans’ personal savings actually fell into negative territory (at minus 0.5 percent) for the first time since 1933. With fewer and fewer companies providing pensions, […]

Savings under health plan overestimated

By Tom Philpott: Military Update At least a few Pentagon analysts believe the Bush administration will face a new credibility challenge if TRICARE officials tell Congress, as they have the Joint Chiefs, that plans to raise TRICARE fees and deductibles for under-age 65 retirees and their families will save $25 billion over nine years. “Somebody […]

Base-closing commission takes issue with Pentagon plan

Liz Sidoti: The Associated Press WASHINGTON — A federal commission approved all but 14 percent of Defense Secretary Donald H. Rumsfeld’s recommendations for closing or consolidating U.S. military bases — but it also took issue with the Pentagon in a final report sent to President Bush. The nine-member panel said the Defense Department overestimated savings […]

Adding two miles per gallon is not a solution

Kevin Wilson: Local Columnist When I took a look at the CNN Web site on Tuesday morning, I couldn’t help but give a slight amount of approval to the Bush administration, or at least the first sentence of the story I uploaded. “The Bush administration announced new fuel economy rules Tuesday that require improved mileage […]