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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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