Federal Benefit Cuts

[Octjan2]

I read where the House passed 2018 budget includes many cuts to federal employee retirement benefits. It is anticipated that the Senate will vote on it this week. One of those cuts is to remove the social security supplement for anyone retiring prior to age 62. For those employees who work in law-enforcement, who are required to retire prior to age 57, this will result in a major change to our retirement. Has anyone heard if this will include those employees required to retire prior to age 62?

[DogPyle71]

I'm a LEO and hoping those under 6c coverage get a carve out if the SS supplement is cut. I was tentatively planning to retire in 3 more years at MRA but this may change things. FLEOA is also fighting back.

[walker]

Bummer.

[evilanne]

My understanding is that the Senate bill does not address any cuts for Feds. The issue would arise in conference when they try to determine which version to come from. http://www.fedweek.com/fedweek/prospect ... ves-ahead/

As far as mandatory retirement, they would have to address somehow e.g. getting rid of the mandatory retirement age, authorizing the supplement to specific groups or grandfathering current employees to any changes. I think they can only legitimately make changes that apply to new employees. The targeting of FERS employees makes no sense since their retirement benefits are currently fully funded. It is the CSRS that has unfunded liabilities that were never properly accounted for.

[walker]

I hope it is grandfathered. It's going to be very hard recruiting new feds if it passes.

[SnareMV17]

Air traffic controllers are mandatory retirement at 56. Stunks for us, but cuts are gonna happen eventually.

[Scorpio70]

Everybody is so rich that they just don't know whether to send the kids to Harvard or Yale, with the Aston Martin.

[Timber82]

We get paid tomorrow? I make so much money I don't even realize when its payday anymore!

[Regularguy]

Thank You Evilanne, that was spoken like a human resource specialist.

[shadogree]

Thank You Evilanne, that was spoken like a human resource specialist.

I agree. Did you work in HR, evilanne? You sure know a lot!

[head]

For those Feds who voted for Trump, here you go....
You can't eat your cake and eat it too..!!

[SnareMV17]

For those Feds who voted for Trump, here you go....
You can't eat your cake and eat it too..!!

Nice divisive rhetoric. Did we really have to go there?

[ArrieS]

For those Feds who voted for Trump, here you go....
You can't eat your cake and eat it too..!!

Nice divisive rhetoric. Did we really have to go there?

Divisive or a statement of fact?

[briana]

Everybody is so rich that they just don't know whether to send the kids to Harvard or Yale, with the Aston Martin.

I prefer a Maserati. lol

[ksmoly04]

So here are the facts. These was included in the House 2018 Budget Resolution. Even if signed into law, any specific changes have to be included in a separate authorization or appropriation bill. I wouldn’t get too worked up over what was included at this point since the Congress as a whole has had tremendous trouble passing any legislation in both chambers.