Trump 2020 budget targets feds’ health and retirement benefits

Snippet of Article: "...The budget would also eliminate the Special Retirement Supplement, which provides additional funds for those employees that retire before age 62, when Social Security kicks in. This is especially relevant for positions like law enforcement personnel, who have a mandatory retirement age that is earlier than 62. The plan would also reduce the interest rate on the Thrift Savings Plan’s G Fund..."

Source: www.federaltimes.com

Special Retirement Supplement (SRS), FERS, Attack on the Working Class, G Fund Interest Rate, TSP, Trump (2020 Budget Proposals), Destruction of Federal Employee Retirement,

Administration clarifies the intended destruction of federal employee retirement

Administration Adds Details to Benefit-Cutting Proposals

Snippet of Article: "...Elimination of Federal Employees’ Retirement System Annuity Supplements This proposal would amend section 8421 of title 5, United States Code, to eliminate the Federal Employees’ Retirement System (FERS) annuity supplement for new retirees and the supplementary annuity for survivor annuitants. The proposal retains language that requires OPM to apportion a FERS annuity ·supplement to a former spouse when a court order expressly divides a FERS annuity for purposes of annuitants who retain a FERS annuity supplement under prior provisions of section 8421. Also, the proposal retains language that requires OPM to reduce or eliminate an annuitant’s FERS annuity supplement based on earnings for those who retain FERS annuity supplements under prior provisions..."
Source: www.fedweek.com

FERS Annuity Supplement, SRS, Destruction of the working class, Destruction of the Federal Employees Retirement System,

2019 Federal Employee Pay Raise Update

2.6 percent raise for military, pay freeze for federal workers in 2019 Trump budget

Snippet of Article: "...The budget would also require federal workers to contribute 1 percent more towards their retirement and eliminates some supplements for retirees under the age of 62, along with other benefit and retirement reductions..."

Source: www.al.com

Special Retirement Supplement (SRS), 2019 Federal Employee Pay Raise, Destruction of Federal Employee Retirement,

House Recesses without Deciding on Proposed Retirement Benefit Cuts

Snippet of Article: "...suggested achieving that goal by increasing required contributions toward retirement benefits and eliminating the “special retirement supplement” paid to those under FERS who retire before age 62 and until that age when they can draw Social Security benefits..."

Source: www.fedweek.com

Federal Retirement,