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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President Trump and Republicans Attack Military Veterans by Raping Federal Retirement Programs

Article Title: President Trump and Republicans Attack Military Veterans by Raping Federal Retirement Programs
In a pitiful and shameful veiled attack on military veterans, Trump and Republicans attempt to rape the federal employee retirement system through budget attacks that would remove the special retirement supplement (SRS) for FERS employees as quick as 2018, leaving employees eligible to retire within two to three years in a quandary as to what to do after already planning their retirements. The federal workforce, Overall, 30.9 percent of all federal employees in fiscal 2015 were veterans, according to the Office of Personnel Management, potentially making veterans one of the largest groups affected by the federal budget change proposals by Trump and Republicans. What is even worse is that Democrat liberals stand silent in this attack on veterans. There is no way any changes to federal retirement should be implemented in any five year period or less. People contemplate retirement calculations for years and make plans for retirement within five years of being eligible. To make radical changes to retirement programs within five years or less is and would be devastating to anyone ...and why are they doing it off-the-backs of military veterans that have faithfully served this great country and continued to do so through public service as federal workers. Federal worker military veterans are a large segment of the population that stood behind and voted for Trump/Republicans because they were supposed to finally help these loyal veterans improve their lot in life after years of faithful service. Instead, Trump and Republicans stab them in the back and then beat them down with a budget plan proposal that would also eliminate cost of living adjustments for current and future FERS employees, and it would cut Civil Service Retirement System COLA adjustments by 0.5 percent...eliminate supplemental payments for FERS employees who retire before Social Security kicks in at age 62, beginning for those who retire in 2018...average of their highest five years of earnings, instead of the highest three years. This effectively would reduce payments for retirees. After months of Republicans being in charge, all we are seeing are attacks on blue collar workers and veterans while politicians protect bankers, banks, investment firms, insurance companies, the petroleum industry, etc. Come on Trump, are you and the republicans we elected really going to slap us all in the face after we stood behind you. Are you really going to destroy the Republican Party just to make yourselves wealthier, while letting Dems laugh in our faces by saying I told you so? that's a great way to get our youth to serve in the military (sarcasm).

Source: Federal Employee News

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

Budget will seriously screw FERS employees nearing retirement, as well as hurting CSRS retirees

Article Title: Trump’s 2018 Budget Reportedly Targets Federal Retirement Programs
Snippet of Article: "...The plan also eliminates cost of living adjustments for current and future FERS employees, and it would cut Civil Service Retirement System COLA adjustments by 0.5 percent...eliminate supplemental payments for FERS employees who retire before Social Security kicks in at age 62, beginning for those who retire in 2018...average of their highest five years of earnings, instead of the highest three years. This effectively would reduce payments for retirees..."

Source: www.govexec.com

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

Special retirement supplement (SRS) for FERS employees

Article Title: The Special Retirement Supplement
Snippet of Article: "...Are you a FERS employee? If you are and you retire on an immediate, unreduced annuity before reaching age 62, you will not only receive your basic annuity but an additional payment that represents the amount of Social Security benefit you earned while a FERS employee. It’s called the special retirement supplement (SRS)..."

Source: www.fedweek.com

[tag] Federal Employee News, Federal Civil Service, special retirement supplement (SRS), [/tag]