5:35 am, July 13, 2014

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  • FERS Supplemental Payment
    Rock Man
    The President and Congress have forgotten the reason that FERS employees were provided with a supplemental payment if they were to retire before age 62. It was to provide some parity with retirement benefits of the CSRS system, and as a catch-up payment for FERS retirees. It's a law. So soon they forget, eh?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • OK... I see.
    Rock Man
    So the elimination of the FERS Supplemental Payment would apply to new hires... not to current FERS employees. New hires should invest in their TSP or 401k plans wisely.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • 1% increase but taking 1.2% more out
    Wilhelm Heisenburg
    We get a 1% increase but they are going to take 1.2% more our each yr for 3 years increasing our retirement contribution. I see this as a net decrease even if we get 1% increases the next 3 years. The chained consumer index? "Hamburger instead of steak". What nonesense is that. It may work for a year but what happens when we can't afford meat, then potatoes and bread? The logic behind this is "Flawed" to say the least. How much is congress retirement contributions going up? Perhaps President Obama can pay for his own protective service when he leaves office. Looking at the 2014 budget, I see no meaningful cuts. Nothing was done.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • 1.2% Total Increase
    Stack Rat
    It would be a total increase of 1.2% over 3 years, which would mean .4% each year, not 1.2% each year.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • How much is congress retirement contributions going up?
    Fedweb
    Well, since members of Congress elected after 1984 are in FERS just like the rest of us, their contribution will go up ... wait for it ... 1.2 percent, just like the rest of us.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Congress members have a much better FERS deal
    Emeritus
    Retirement Benefits for Members of Congress Congressional Research Service Pension Benefits Under FERS For Members of Congress covered by FERS prior to December 31, 2012, the accrual rate for congressional service covered by FERS is 1.7% for the first 20 years and 1.0% for each year beyond the 20 t Ordinary slobs get 1 percent
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • "Ordinary slobs get 1 percent"
    FERS Fed
    Unless they stay to age 62 (earliest age you can take SS), at which time it becomes 1.1% for each year.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • I thought
    NormalDude
    it was adjusted up to 1.1% per year once you hit 20 years of service. The age of retirement has nothing to do with it.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Age 62 or Older at Separation With 20 or More Years of Service gets ....
    FERS Fed
    ... 1.1 percent of your high-3 average salary for each year of service. ..... Under Age 62 at Separation for Retirement, OR Age 62 or Older With Less Than 20 Years of Service gets you 1 percent of your high-3 average salary for each year of service. ..... See http://www.opm.gov/retirement-services/fers-information/computation/
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • President Obama and the Dems Keep Hammering the Federal Worker
    Radar Tech
    Before you say it...yes, I know, the "evil" republicans want to hurt federal workers even more. Blah, blah, blah, etc. But I thought this president was supposed to be on our side. I thought that the democrat senators would care more about federal workers and have more sense than giving $500 MILLION to the Palestinians (that danced in the streets on 9/11 and handed out candy to their children to celebrate), $250 MILLION to the Egyptian Brotherhood (the al Qaeda rulers of the "new" Egypt), and $100 MILLION to the Syrians! We have money for our enemies but have to furlough the federal workers. We have money for Obama-phones for the EBT gang, but not enough to pay federal workers that actually make the country run. We have enough money to continue to give giant Wall Street banks $45 BILLION DOLLARS A MONTH...but we cannot afford to keep air traffic control towers open. This administration is the enemy of the working man and especially of the working federal employee. 2.3 year pay freeze (now extended to 3 years) from this president. Sequestration furloughs from this president. Now, cuts to our retirement from this president. His first month inititative was to cut medical benefits for veterans. I knew right then that he was bad news for America.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • This is what the partisans don't know
    contrarian
    That the Dems control the Senate and White House. No FedEmp can get hammered without their consent. So to blame the Repubs is malarkey.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • hammered?
    joeschmuckatelli
    You're absolutely right about the Dems control of the situaution, however, how have FedEmps been hammered? They have it made compared to everyone else. A "3 year pay freeze"? Where I work I see FedEmps gettings within grade increases and bonuses every year, so spare me the sob stories. Ridiculous amounts of paid leave, cadillac health care, and a full pension. Most people don't even know what that means. Oh yeah, and it's impossible to lose the job. If you were really getting "hammered" you would quit and take a job where you're not "suffering". But there is no way that will ever happen, right? Please stop whining about how tough you have it FedEmps.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • We are getting hammered as follows:
    Radar Tech
    First, the 1.6% bonus that was promised to us and that was earned by superior performance last year was not paid to us, despite a contractual obligation for my agency to do so. Second, this is the 3rd year of the pay freeze. At a 1.5% inflation rate, that equals a 4.5% pay cut in purchasing power. We now have a 10% pay cut due to the furloughs (despite being "excepted personnel"). So, by the end of 2013, we will have had a 16.1% pay cut. Now, the president and the democrats in the senate are talking about increasing our retirement contributions (another pay cut) while decreasing our retirement payout due to chained CPI. A 16.1% pay cut is being "hammered" by most people's definition.
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  • If you read my post, you would see I am not blaming the Republicans
    Radar Tech
    I acknowledge the role of republicans, but I place the blame squarely where it belongs...on the democrats.
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  • 1% increase will get denied
    josephz2va
    I can already see it with the budget deficit being the top article. They won't permit a 1% pay increase to feds.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
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