Republicans Plan Largest Hit to Federal Employee Pay & Benefits with no “Grandfathering”
If you are a current federal employee diligently planning your federal retirement, reasonably calculating your promised pension benefits, we have news for you; it may be time to start planning again. Under the Republican plan outlined here, all current and future federal employees would be hit with astonishingly higher retirement contributions while at the same time reducing benefits. In other words, federal employees will pay far more for far less. This makes the Republican plan the largest pay-cut in history amounting to more than 7% for most employees not calculating back-end losses in annuities and other retirement benefits. Some employees are hit even harder. For example, US Border Patrol Agents recently endured significant pay-cuts their own labor union promoted, amounting to approximately $6,000 per agent. The new Republican proposed cuts would be on top of the already existing cuts for those federal employees.
Federal labor unions are increasingly becoming more powerless than at anytime in their history. They are incapable or otherwise unwilling to focus on pay and benefit issues. The only method by which federal employees can fight back is to 1) become informed on the issues and 2) vote Democrat at the 2018 mid-term elections. Vote Republican, and you can expect massive hits to both pay and benefits beginning in 2019. The right choice is rarely this clear.
A Senate committee voted to give workers a 1.9 percent pay raise in 2019, while the House GOP releases a plan to cut federal pensions by $145 billion over 10 years.
Source: Perspective | Rebuking Trump, Senate panel okays federal pay raise, but House plans big hit on pensions
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