Trump isn’t the only one targeting federal employees. House Republicans are pushing cuts to pension benefits
- Last week, the House Oversight Committee approved a proposal aimed at reducing federal retirement spending by $50 billion within the next ten years.
- The proposal will increase the percentage of salary that many current civilian and postal federal workers contribute toward their retirement funds to 4.4%, and it will discontinue an additional payment currently given to retired employees under age 62.
- The proposal would also change pension calculations from averaging the highest three earning years to the highest five, potentially reducing benefits by thousands annually.
- Union leaders report that these cuts have caused older federal workers to consider early retirement to secure current benefits, with one calling it "like a bait and switch."
- The plan aims to save taxpayers money, but opponents warn it could lead to workforce losses, especially in prisons, and harm employees who retire early.
18 Articles
18 Articles
Game of chance: High-cost pension plan for state government workers set to pass House on Monday
A proposal to reinstate a traditional pension system for new public employees in Alaska is on the House floor for its third and final reading on Monday, and is expected to pass, due to the Democrat-led majority. House Bill 78 would shift future public employees from the current defined contribution retirement system, which is what […] The post Game of chance: High-cost pension plan for state government workers set to pass House on Monday appeare…
Trump isn’t the only one targeting federal employees. House Republicans are pushing cuts to pension benefits
After months of contending with the Trump administration’s multipronged effort to downsize the federal workforce, government employees are now facing the possibility of another major change that could push even more of them out the door.
What Corporate Media Isn’t Telling You About Trump’s Cuts To De...
“With respect to all voluntary programs, companies do not need a federal government ribbon at the cost of taxpayers so that they can more easily sell products to consumers,” the source told the DCNF, adding that the cost of the product relative to potential savings over time does not need certification from the federal government.
Can Federal Worker Unions Survive? - Lawyers, Guns & Money
Turns out Mr. Man of the Working Class Donald Trump does not in fact like unions. Who could have known? He’s going to war on federal worker unions and their future is pretty up in the air: President Trump’s antipathy toward federal sector unions is well known. Still, Lee says Trump’s attacks on unions now are “exponentially worse” than in the president’s first term. “Even our ability to exist in the federal workplace — to be able to represent e…
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