TSP Center

FY2020 Budget
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Author:  Billionair [ Tue Mar 12, 2019 10:31 am ]
Post subject:  FY2020 Budget

Good Morning All,

Sourced for you from below,

FY2020 Raise Military: 3.1% Pay increase

FY2020 Raise Civlian: No federal pay raise, supplemented with pay on performance (I have no idea how that works).

FY2020-2025: Increase to employee pension by 1% each year through 2025, roughly 77$ a year increase. Reduction from the government side. This is a big negative from me.

Retirees: No COLA increase.

Soon to be Retirees: Proposed "final 5," years of service instead of "final 3," used for retirement calculations.

Healthcare: Lower government premiums, causing us to increase more. Not much emphasis on how

TSP Users: LOWER G Fund interest rate.

This won't pass a Red House, let alone a Blue one. Keep an eye out for budgetary issues come the end of the Fiscal Year.

https://www.washingtonpost.com/politics ... 4a43bfcda2

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