Wednesday, June 17, 2015

Representative Payee Fraud Prevention Act of 2015 (S. 1576) is meant to protect federal retirees

Title: Bill Aims to Crack Down on Embezzlement of Federal Retirement Funds

Article Snip: "...federal workers rely on their savings and pensions which they worked hard for to retire with dignity,” said Heitkamp. “Most financial caregivers are loved ones who selflessly step in to manage the finances for retirees who are unable to do so, but we have heard about a few bad actors who are stealing that money from retirees. Such harsh actions deserve harsh punishments. Our bipartisan bill would help deter these activities by imposing criminal penalties on financial caregivers..."

Reference: www.fedsmith.com
Representative Payee Fraud Prevention Act of 2015 (S. 1576),

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