3:33 am, May 24, 2015

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  • Supplemental Social Security
    Fedsmith has a good article on this topic: http://www.fedsmith.com/article/1874/what-special-retirement-supplement-does-apply.html. The basics: Begins at minimum retirement age, ends at age 62, doesn't get a COLA, is based only on social security earnings while employed with the government, and does have an earnings limitation (equal to the Social Security earnings limit). As for ending it, every bill I've seen coming through the house only ends it for employees hired after the bill becomes law. However, the proposed high five, increased pension contribution, and pay freeze applies to everyone.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Leave
    I will leave before the 5 year deal takes effect. I can retire at any time.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • pension reform
    Since Congress wants to save taxpayers' money on federal employees backs, I suggest they amend to include themselves so they can pound their chests in pride about what they've done to contribute to the net savings. Any member of Congress worth $250,000 or more per their most recent public disclosure statement must take one of the following options: (1) Opt out of FERS and, instead, pay only into Social Security and, at each Member's choice, pay into a TSP account only with their earned income as a Member of Congress; or (2) remain in FERS but calculate their retirement benefit according to a sliding scale - (a) must take option 1 for first 10 years in office, then (b) thereafter, high 10 for serving 10- 20 years, and (c) high 20 for serving 21 or more years. No Member can receive a pay raise for any years served in excess of 10 years. No Member worth $250,000 or more on their last day in office shall be eligible to keep their FEHBP benefits upon leaving office but may not keep FEHBP benefits if in office fewer than 5 consecutive years. We wouldn't have to hear about Newt Gingrich's federal pension in excess of $100,000 if the rules for Members of Congress were curtailed to help balance the budget of Members' backs, too.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }