House GOP Group Envisions Massive Changes to Civil Service in Budget Proposal

Article Title: House GOP Group Envisions Massive Changes to Civil Service in Budget Proposal
Snippet of Article: "...White House plans to reduce retirement benefits for feds, including increasing employee contributions to the Federal Employees Retirement System pension by 1 percentage point per year over five years, eliminating cost of living adjustments for FERS employees, and reducing COLAs for employees in the Civil Service Retirement System. It also included plans to base pension benefits on the highest five years of an employee’s salary, instead of the current high three, and it would eliminate the FERS supplement for federal employees who retire before Social Security kicks in at age 62..."

Source: www.govexec.com

[tag] Federal Employee News, Federal Civil Service, Destruction of Civil Service Retirement (FERS), destruction of the working class, special retirement supplement (SRS), FERS supplement, [/tag]

What’s the Impact of the [PROPOSED] FERS Benefit Cuts? (FY 2019 Budget Proposals)

Article Title: What’s the Impact of the [PROPOSED] FERS Benefit Cuts?
Snippet of Article: "...FERS employees are feeling very uneasy with the proposed cuts to the Federal Employees Retirement System (FERS). Pay Freeze. High 3 To High 5 Average. Paying More For FERS Pension. Eliminating FERS COLA. Eliminating FERS Supplement (Impact on Retirement: Severe for employees who retire under age 62). Reducing the G Fund Interest Rate in TSP. Changes To Sick Leave/Annual Leave. What’s an employee to do?..."

Source: www.fedsmith.com

[tag] Federal Employee News, Federal Civil Service, Federal Employee Retirement System (FERS), special retirement supplement (SRS), Destruction of Civil Service Retirement (FERS), Attack on Military Veteran Federal Retirees, Raping of Federal Retirement, [/tag]

Horrible: White House Attacks Federal Employees Just When Baby Boomers and Veterans Become eligible to Retire

Article Title: White House Proposals For Civil Service Reform: What They Missed
Snippet of Article: "...The White House proposal increases the employee contribution to the annuity portion of the retirement plan, shifts from a “High 3” to a “High 5” annuity calculation, and eliminates the FERS Special Retirement Supplement for employees who retire before becoming eligible for Social Security..."

Source: www.fedsmith.com

[tag] Federal Employee News, Federal Civil Service, [/tag]

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