GOP Proposing Wide-Scale Pension Cuts
New Wave of Attacks Underway Against Federal Employees
Republicans are once again targeting federal employees. On March 3, 2015, Republican Congressman Bruce Westerman (R-AR) introduced H.R. 1230 attacking federal pensions of all current and future federal employees (those already retired are not targets). The legislation would adjust the calculation of average pay, for purposes of Federal civilian annuities, for both CSRS and FERS covered employees, from “high 3” to “high five.” If passed, this legislation would result in a reduction in pension benefits for every current federal employee without exception. There are no exclusions for an employee’s proximity to retirement, law enforcement, air traffic controllers, or any other special categories of federal employees.
Westerman’s proposal for a federal pension cut is already making big news locally in Arkansas and picking up steam. The Federal Times reported the story as well. This pension cut announcement by Westerman comes on the heels of the recent American Federation of Government Employee’s (AFGE) “Whoop Ass” announcement, declaring war against “Unfriendly Lawmakers.” It will be interesting to see AFGE’s reaction to the pension benefit cut news. Arguably, it is the first high-profile test of AFGE’s new war claims.
We repeatedly warned federal employees they need to pay attention to lawmakers that vote against their financial interests. Nevertheless, the same people who complain about their benefits being cut, sequestration, and furlough, continue to vote Republican. You get what you deserve.
Real-Time Status Update on HR 1230
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