8:23 pm, July 9, 2014

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  • Elimination of the FERS Social Security Supplement is a ruse.....
    Hector
    Elimination of the FERS annuity supplement for workers retiring after December 31, 2012 (as in Rep. Ross's bill currently in committee) is also meant to force a mass exodus of FERS folks otherwise eligible (or close to their MRA) out the door by December 31, 2012 so that they can retain their FERS annuity supplement before it is taken away. I do not understand why Mr. Causey and the federal unions do not harp on this note. They will skittle scattle by any means to either force folks to retire without RIF's or make the thought of working for the federal government by prospective younger folks a pipe dream.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • time will tell
    deployed decoy
    Well it worked for me. I am dropping FERS retirment papers for my last day of 31 DEC 12 in late March. I will have 37 years towards Hi-3. I have no intention of taking any buy out this year (if offered), because I would need to be off the payroll sooner than MRA. I can rat hole away most of the same $25k in cashed out AL and overseas incentives in just the last 3 months of the year. If this turns out to be a game of chicken and I get a job with any agency other than Army in Washington, Oregon or Idaho, I can always pull the retirement package. I still feel that for every fed that is lost as part of this game of chicken or fact if it comes to fact. Three contractors on service contracts that did not follow A76 procedures are removed for the good of the country and all contracts with option year increases have all option years increases ordered not funded nor paid retroactive to 2010.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Why are you in FERS?
    Moderate
    If you've been a fed for 37 years, it appears you must have started as CSRS. If so, why did you convert to FERS? Have you done better with the 5% match under FERS, than you would have done under CSRS? I do not know as I have not done the computations. Just a yes or no is sufficient or whatever you want to provide as I do not wish personal details.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • April Fools
    deployed decoy
    My federal in-service date is 1 April 1984, missed it (CSRS) by that much. Never mind I could not contribute to TSP for over 3 full years, I am stuck in FERS. I did the Post 56 military buy back to get 8 more years. Course due to bad information the first 15 years I was a fed, I never paid the deposit. When the fools figured out 8 years ws 8% more and got me the SSS at 56 I owed more in interestt than military basic pay. And since OPM was the source of this bad advice for years, they waived the interest from 1984 to 1990, saving me another $9,000 or so in interest. I still get my full deposit back in 5 months in retirment. Course that 5 months assumes I get the FERS SSS at 56 (MRA) and one month.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • What's hiding in the fog?
    contrarian
    Hope you're right Hector. In case you hadn't noticed the divide and conquer has already happened. Civil service Feds have taken a back seat to military COLAs. Who really doubts the LEOs & ATCs won't get some edge because of "public safety"? While a handful of Feds can do some dumb things, like apply for unemployment while on Furlough (verify on washpost.com if you like), most Feds are pretty smart and tuned in. When Feds lose faith in their elected bosses, what message does that send to the general public?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Harping
    Linda
    Kector, if the Federal Unions harp on the fact that a huge number of Feds could retire if the SSS is revolked, that will only creat more incentive for the Congress to pass it. A lot of those guys (republicans and tea partiers for the most part, but some democrats) want to get rid of federal employees anyway. They all retire, they just have to implement a hiring freeze and ergo a lower federal employee number. What is costs them in SSS funds vs having feds who would work 2 to 4 more years isn't important to them. It will only become important when they want their Social Security Benefits and there is no one left at Social Security to process them and there is a long wait. Ditto for anything else they want from other agencies.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Elimination of the FERS Social Security Supplement is a ruse.....
    Goemer1972
    It's a great wake up call! Heck, I almost forgot to retire early. Thanks Congress for the reminder...
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • FERS Supplement Elimination
    DOtransportation
    We need an article to define the amount in real dollars that elimination of the Supplement will cost to average FERS employees. I think it is a little understood part that the legislators are trying to slide in and it is a killer. For me @ 57 (MRA) I would be able to draw from the supplement about $18,000 a year from 57-62 (when SS kicks in) thus making retirement possible at 57 --- without it I am stuck working another 5 years. It is truely as if congress is reaching into each of our 401k accounts and stealing $90,000 because that is what I would need to pull out of my 401k at 57-62 to make up for the supplement I have been promised in the FERS retirement literature for the last 25 years. BAIT and SWITCH !!!!! If this is implemented it should ONLY be for new hires, not folks that have been promised this benefits for decades.... Call your REP! Make some NOISE!! Before it is too late!!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Political hot potato
    Putt-Putt
    Mr. C once again brings light to the truth I've been telling my political left-leaning co-workers: The White House started this whole mess by putting forth Fed Employee unfriendly "deficit reduction" proposals through the Bowles-Simpson National Commission on Fiscal Responsibility and Reform. Namely: The high-five, pay freezes (initially proposed at five years), add'l pension contributions, elimination of the Social Security Supplement, reduction of the FERS annuity, reduction of Federal workforce (10% from the base year 2008), reduced COLA's for retirees (both CSRS and FERS) and increased percentage of health insurance payment (up to 50% from the employee). Then I remind my right-leaning co-workers: The President is now the puppet master. His commission only proposed the ideas but knew the tea-party Republicans would leap at the chance to introduce the legislation. But the President is no friend of the Fed because he isn't opposing any of this legislation. I find myself with nowhere to turn - I find unfriendlies to the left and to the right. My only hope is to cling to another of Mr. C's truths: Congress is a morass of impasse. So little or nothing will get done (but I do believe an add'l year of pay freeze is a done deal) and we'll live to fight on.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • You have got to be kidding.
    Moderate
    Did you forget about the radical right CATO and the Heritage Foundation? They have been writing this garbage long before we heard from Simpson-Bowles. Simpson Bowles was only a reaction to the pressure from the lackies of the right wing Republicans. So please, place the blame on the right wing and not Obama.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Next on the block: WIG
    Angela B.
    Let's add to the pile a House bill proposed by Rep. Roby of Alabama, containing a provision to eliminate within-grade increases (WIGs) for 2012. Won't somebody PLEASE testify to Congress that WIGs aren't pay raises, but promotions? For Feds, we give up the protection of the minimum wage and competetition for promotions that private sector employees have to work year after year in the same job. The WIG is the only hope of "advancement" many feds will ever see. Many, MANY feds will top out in their grade and then sit there, never to see another increase again (especially if the currenty yahoos keep control.) The WIG system was put in place to mimic the typical promotion path a professional employee would see in the private sector, not as a perk for do-nothings, and you cannot qualify for a WIG unless you turn in satisfactory performance across the board. I feel like the pledge in "Animal House", bent over in my skivvies, forced to beg for another spanking.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Elimination of Minimum Supplement - Here's who is responsible!!
    JW8
    Anyone who is worried about this (as I am), needs to contact Congressman Dennis Ross' office. He's the one who quietly slipped language in to the transportation bill (!!!) to end the supplement and increase the amount we put in, among other "lovely" things to hurt federal workers. Shameful! Take a look at HR 3813 to see more. Here is his website and office info: website: http://dennisross.house.gov/ Washington DC OfficeInformation: 404 Cannon HOB Washington, DC 20515 Phone: (202) 225-1252 Fax: (202) 226-0585
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }