Hello and welcome to our community! Is this your first visit?
Register

Results 1 to 2 of 2
  1. #1
    Join Date
    Feb 2002
    Location
    Atlanta, GA
    Posts
    6,365

    House Has Passed Fed Retirement Cuts

    https://federalnewsradio.com/retirem...tirement-cuts/

    Apparently the House budget passed last week includes these cuts. NTEU seems to be out front in an effort to cut this off since the same cuts are not in the Senate budget resolution. Here is a link to NTEU's effort to support the Senate language: https://www.nteu.org/blog/2017/10/12/keep-calling-to-protect-your-pensions


    Congress is considering five major changes that will affect all current and future employees and retirees: raising the amount that current employees have to pay toward the Federal Employees Retirement System (FERS), which is a pay cut; basing future retirement benefits on the average of the highest five years of salary instead of the current three; eliminating the FERS supplement for employees who retire before they can start collecting Social Security at age 62; eliminating the cost of living adjustments for all current and future retirees covered by FERS; and reducing the cost of living adjustments for Civil Service Retirement System (CSRS) retirees.
    Call and email your members of Congress today.

    You are welcome to support or oppose these changes. Just remember to use personal email and while you may identify yourself as a Federal employee do not use your agency name and title in a way that suggests you are acting in an official capacity.



    ret.

  2. #2
    Join Date
    Mar 2002
    Posts
    983
    To clarify, the budget resolution is not actually legislation that’s signed by the President. Legislation would have to be proposed and enacted to make these reforms happen. In that sense, the budget plan is more of a “hopes and dreams” document that instructs the various congressional authorizing committees on appropriate spending targets. It doesn’t necessarily make it any easier for the committees to actually enact laws that would reform federal employee benefits. I would also note that the Senate’s budget proposal does not contain this same instruction on cuts to retirement and benefits programs. Before the budget plan can be adopted, the Senate and House first have to be in agreement.

    That being said, I agree that you should contact your elected representatives and let them know how you feel about these proposals. I do not see good things ahead for federal employees.


 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •