3:19 am, March 5, 2015

FederalNewsRadio.com - Purpose of Comments statement Click to show

Hubbard Radio, LLC encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comment boards following articles, blog posts and other content can descend to personal attacks. Please do not engage in such behavior here. We encourage your thoughtful comments which:

  • Have a positive and constructive tone
  • Are on topic, clear and to-the-point
  • Are respectful toward others and their opinions

Hubbard Radio, LLC reserves the right to remove comments which do not conform to these criteria.

  • 4

  • Chained CPI
    Isn't the proposal on chained CPI to apply it to other Federal benefits also such as Social Security, Veterans Benefits, and Worker's Compensation?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Defintely
    ... Social Security, some Veteran's Benefits such as disability and DIC, unsure about Workmen's Comp., but suspect so as well.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
    I do not know which CSRS employees would prefer the FERS system, but I, as aq CSRS employee who had the option to go into FERS, am NOT one of them. I know of no CSRS employee who wanted that change.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • bigger hit to CSRS retirees than to FERS retirees
    Mr. Causey has it exactly backwards. Both CSRS retirees and FERS retirees will lose $$$ if the switch is made to an "unchained" CPI, but the former will lose more than the latter, not the other way around as he has asserted. That follows from the simple fact that CSRS retirees with their ~2% per year annuity stream get more of their retirement income from their former employer the federal government than do FERS retirees with their ~1 or ~1.1% per year pension payments plus Social Security ones, that is from the combination of 2 of the 3 legs of their retirement "stool." The rest of what FERS people get in retirement, the third leg of that 3-legged stool, comes from their TSP accounts to which their employer contributed as much as 5% of their salaries each year in a match of what they put away in their TSPs. (Whatever CSRS retirees may have in their TSP accounts is the result of their own contributions and accrued earnings over time. Unlike FERS employees, CSRS ones got no generous matches by their employer and will have as much in their TSP accounts in the end if their investment returns are the same as FERS colleagues.) TSP balances and distributions will be unaffected by any changes to the CPI calculation for the simple reason that they are not subject to CPI adjustments, they are the defined contribution component, not another defined benefit component. With a smaller portion of their retirement benefits subject to CPI adjustments, they have less to lose if those adjustments become less generous, no matter that in times of high inflation the CPI adjustments FERS retirees get is less generous to start with than the ones CSRS retirees get.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }