3:41 am, March 29, 2015

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  • My Plan
    deployed decoy
    Raise the retirement age for everyone (military, congress, federal, people living under bridges and those 1% CEOs) to the Social Security full benefit age. Make retirement mandatory at this age. For any American who has any source of income (or combined wealth) that exceeds 5X full security benefits at this point, all federal social things such as Medicare, Tricare, SS, whatever terminates or is seized by the federal Govt. In addition all sources of income (and wealth) exceeding this 5X allowance is taxed at 80% federally, this allows the states to go after the other 20%. We all can be as 1% filthy rich as we want until we hit around 67 under this plan. Then must sell our trophy homes, silver plated SUVs and live in the same communal renovated chicken coop in eastern South Dakota as a CEO. Beats the alternative of being rendered into power bars to feed the factory employees still working pumping out gross domestic product. Of course the CEO types will likely figure out federal income tax evasion will get them in a Hilton style, blue color, federal prison and elect that option to live better in old age. Just watch Greece and the EU to see what lays in wait for America in a few years. PS, apparently there is not close to the amount of silver that many Americans are actually invested in reserves (I would have thought this is fraud, apparently not). If you hold a piece of paper, be it a $100 bill or some stock certificate saying you own 100 Oz of precious metal. Good luck buying beans for dinner when all this goes down. There is a reason a couple of the front runner decadents running for the chance to go head to toe with the White House this November, hold gold in their safes at home.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • OPM a close 2nd
    deployed decoy
    On the OPM home page, whats new: http://www.opm.gov/retire/pubs/bals/bal12.asp#302 Apparently OPMs average cost to complete a federal employee retirement package is $107. I am no math expert, that is less than a mid grade GS11 in DC working 3 hours... So I ask (assumes OPM has slaves at GS5 that do the work in RUS locations) just why is the retirement backlog some 50,000 retirement applications? As the other number I get is about 72 man years back log at OPM. If they hire 50 experts that they say they will, whom know what they are doing (in theory), the back log is cleared just by those over hires in less than 18 months.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • To DD
    CaptMidnight
    And that is exactly what happened the last time this happened at CSC and OPM. In 1978 the backlog was 85K cases, both CSA and CSF. The Director hired 40 additional claims examiners and the whole mess cleaned up in under two years. But there are no examiners in RUS, only Boyers and 1900 E Street, now mostly at Boyers. The key to resolving the situation is receiving a validated SF 2806 for both CSRS and FERS. If a claims examiner has that-two weeks tops barring any further problems. But as agencies feel they are the ones doing the retirement, they screw it up royally. And it takes time to fix usually on a long followup. Try and re-build a SF 2806 based on the OPF and pay records for thirty years and see how long it takes; or lost health records, or incorrect insurance records. And all that was done by GS-7s or 9s without computers.
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  • I know what I would do
    nom de guerre
    if I were king/czar/whatever. How about OPM deals with all of these apparently cumbersome calculations BEFORE somebody retires? I can't imagine that there are too many other places that send retirees out with a ~ 40% "estimated" pension and say "live on this for a few months - we're too busy"? If that's as close as they can get to the right number, what else are they screwing up? Is this the same process used for our elected officials - I doubt it...
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Grade 5's
    Moderate
    Where did you get the idea that grade 5's are processing these applications? It does take some technical skill. Grade 5 is usually a clerk or clerk typist.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Why?
    Moderate
    Why are you writing this nonsense? it really makes no sense. I am as strong an advocate as you are regarding federal employee pay and benefits. However, I try to write a more rational response. Your response will get no where. I will write that I will retire from the government before accepting the high 5 nonsense. The other negatives may or may not affect my decision to retire from the government. I am and have been eligible for a number of years. I recently got a nice pay increase that I want to incorporate into my pension.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • John's calculations...
    Cathy
    Remember that your SS supplement is only until you reach 62. So that reduction isn't forever.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Fers SSA supplement
    contrarian
    6 years x 1,000= 72,000 Cut. That's a lot. And it would be alot more than CSRS members would be paying. The high five is a cut, but a manageable one, that's my choice if we have to suffer. Then bring home ALL the troops and reinstitute military/civilian COLA parity.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Good point
    Moderate
    But isn't it 6 years x 12 months x 1000/month? Just looking at the math as I have no knowkedge concerning the supplement. I do believe that if that was your benefit when you signed up, it should remain your benefit. However, it is the right wing pushing for the elimination. You write about the CSRS people. I am CSRS. The high 5 would hurt me. It would hurt me for life while yours would be for 5-6 years. Who would pay more? That is an open question. It would be bad for the both of us.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • questions still asked
    deployed decoy
    Cathy, Yes I got the FERS SSS deal. About 70% of my SS at age 56 figured at (FERS Yrs/40). But also know that the figure SS sends you every year, assumes your last years wages earned through age 62. Thus if anyone wants to guess the SSS they need to go to the SS web site and enter zero for last year. That of course takes the number lower then you will get, missing last and this year earnings at zero $. Then what I don’t know is when we turn 62, do we catch up on all those missed COLA adjustments, or is the real SS we receive at 62, whatever the number was that was reduced for the FERS SSS six years earlier? Real social security at 62 will go up by something, if nothing else real SS is based on the highest 35 earning years, not 40 that FERS SSS uses. What that something is, a better guarded secret than Mikes real age. And also since FERS SSS is based on high 40 earning years, there is no calculator I can find that includes that $1.10/Hr I made as a box boy in 1972. At least I wont have any zeros in the past. It is the future that worries me. And the fact I qualify for the military correction for service before 2002. That I know I need to prove to SS with DD314 forms to increase my SS at 62 about $5 a month for year of service... I dont think FERS adds that money to the supplement. No wonder there is a 72 year back log figuring retirement. My money is on fewer than 20 people on the planet know how to do this and many of them are bean counters that maybe wont make the corrections the staffing clerk overlooked shorting us.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Bait and Switch
    MTFED
    To eliminate the FERS supplement would be a huge blow to those of us that are nearing retirement. We can't tell SSA receipients that didn't pay dip into the system until the 70s we have to cut your benefits because the system isn't actuarially sound, but we are fine telling lowly government employees we know we promised this benefit to you 28 years ago, but now that you are about to collect sorry, we can't afford it. It's particularly gauling to me as a former CSRS employee that was conned into switching. Can you say class action law suit?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • OPM
    Linda
    I have a friend who retired last April. In January, since he had not gotten his full pension yet, he called. They had not even asigned his case to anyone. So does the 6 - 8 months delay start from the time of asignment? If so, he will go over a year before he gets his full pension and that by a few months.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Abusive
    Moderate
    I believe he (she) is being abused. He (she) should reduce the correspondence to writing. If he (she) gets no answer or gets a sick joke for an answer, and is getting much less than He (she) should be getting, then a Congessional is appropriate. 6-8 months and not assigned is not appropriate.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • SSS
    Linda
    If the SSS is denied after 2012, I know 10% of my office is going. That is more important to them than the high 3 vs. high 5. They don't want to work until 62, even if it is just 2 more years. As for me, I plan to work until 62 until I retire for health reasons earlier. I have 5 1/2 more years regardless (unless and early out - not happening) for minimum FERS retirement. 62 gets me the bonus retirement and 1 year and 3 months, puts me at 40 years. I may go for that. My husband wants me to work until I am 67 - he is nuts. He is a year older and has full SSA at 66, not 67. NO WAY am I working 2 more years than he is!!!!! We've been putting lots away for retirement, so affording to retire at 62 or 63 shouldn't be an issue.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
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