With a ‘Golden Parachute’ in Hand, Donahoe Opposes Retirement for Young Workers

Article Title: With a ‘Golden Parachute’ in Hand, Donahoe Opposes Retirement for Young Workers

Snippet of Article: "...When Postmaster General Patrick Donahoe retires at the end of the week, he’ll get a retirement package of more than $4 million. Not bad for a “civil servant.” But in his controversial farewell address to reporters at the National Press Club on Jan. 6, Donahoe made clear that he doesn’t think the union’s newest members deserve any postal retirement at all. “In today’s world, does it really make sense to offer the promise of a government pension to a 22-year-old who is just entering the workforce?” he asked. And apparently Donahoe’s views have nothing to do with the Postal Service’s manufactured “financial crisis.” He opposes government pensions on principle and wants to impose his view to the entire federal government. ..."

Source: www.apwu.org

a House recommendation would require federal employees to pay half the defined pension benefit

Article Title: Deficit reduction pain for federal employees could be worse, some say

Snippet of Article: "...For example, the version of the fiscal 2012 budget resolution the House passed included a recommendation that would require federal employees to pay for half the defined benefit they receive with their pensions at retirement. ..."

Source: www.govexec.com
federal worker retirement, federal pensions,

Cost-of-living increases

Article Title: Cost-of-living increases
Snippet of Article: "...former U.S. senators and representatives continue to receive generous federal pensions while they are serving time for assorted crimes. That's insulting enough, but the report went on to say that these disgraced public servants will automatically be extended cost-of-living increases next year.
..."

Source: www.chicagotribune.com

[tag]Federal,Government,Military,Retiree, [/tag]