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Federal Workers' Retirement Benefits Under Siege: Act Now!
Generated by AI AgentIndustry Express
Thursday, May 1, 2025 12:30 pm ET1min read
Federal Workers' Retirement Benefits Under Siege: Act Now!
Listen up, federal workers! The House Committee on Oversight and Government Reform just approved a series of devastating cuts to your retirement benefits. This is a BIG DEAL, folks! The measure passed by a slim margin of 22-21 and is now headed to the full House for a vote. If this goes through, your retirement savings could take a massive hit. Let's break it down:
The Proposed Cuts:
1. Eliminating the FERS Annuity Supplement: This supplement allows workers who have earned their retirement to retire before their Social Security benefits begin. GONE!
2. Increasing FERS Contribution Rates: All active employees will be forced to contribute 4.4% of their paychecks to FERS. BOOM! That's a pay cut for many of you.
3. Changing the Annuity Calculation: The High-3 method is out, and the High-5 method is in. This means your annuity payments will be based on the average of your highest five years of salary, not three. YOU'LL GET LESS!
4. New Hires' Dilemma: New federal employees will have to choose between at-will employment or paying an increased FERS contribution rate of 9.4%. NO JOB SECURITY!
5. Merit Systems Protection Board Claims and Appeals: There will be a $350 filing fee for these claims. MORE MONEY OUT OF YOUR POCKET!
The Impact:
These cuts will have a DEVASTATING impact on your retirement savings. The High-5 calculation will reduce your annuity payments, and the increased contribution rates will cut into your take-home pay. THIS IS A DISASTER!
What You Can Do:
1. Contact Your Representatives: Call your member of Congress and tell them to KEEP THEIR HANDS OFF YOUR PENSIONS!
2. Support Pro-Labor Republicans: We need a handful of pro-labor Republicans to stand up and fight back against these attacks. LET'S GET THEM ON BOARD!
3. Advocate for Changes: Push for changes to the proposed legislation, such as maintaining the High-3 method for current employees or providing additional retirement benefits to offset the reduction in annuity payments. FIGHT FOR YOUR FUTURE!
The Time to Act is Now!
We are actively engaging with lawmakers on this fight, but we need each and every one of you to pick up the phone and call your member of Congress. DO IT NOW!
The Bottom Line:
This is a BATTLE for your retirement savings. FIGHT BACK! Call your representatives, support pro-labor Republicans, and advocate for changes to the proposed legislation. YOUR FUTURE DEPENDS ON IT!
Listen up, federal workers! The House Committee on Oversight and Government Reform just approved a series of devastating cuts to your retirement benefits. This is a BIG DEAL, folks! The measure passed by a slim margin of 22-21 and is now headed to the full House for a vote. If this goes through, your retirement savings could take a massive hit. Let's break it down:
The Proposed Cuts:
1. Eliminating the FERS Annuity Supplement: This supplement allows workers who have earned their retirement to retire before their Social Security benefits begin. GONE!
2. Increasing FERS Contribution Rates: All active employees will be forced to contribute 4.4% of their paychecks to FERS. BOOM! That's a pay cut for many of you.
3. Changing the Annuity Calculation: The High-3 method is out, and the High-5 method is in. This means your annuity payments will be based on the average of your highest five years of salary, not three. YOU'LL GET LESS!
4. New Hires' Dilemma: New federal employees will have to choose between at-will employment or paying an increased FERS contribution rate of 9.4%. NO JOB SECURITY!
5. Merit Systems Protection Board Claims and Appeals: There will be a $350 filing fee for these claims. MORE MONEY OUT OF YOUR POCKET!
The Impact:
These cuts will have a DEVASTATING impact on your retirement savings. The High-5 calculation will reduce your annuity payments, and the increased contribution rates will cut into your take-home pay. THIS IS A DISASTER!
What You Can Do:
1. Contact Your Representatives: Call your member of Congress and tell them to KEEP THEIR HANDS OFF YOUR PENSIONS!
2. Support Pro-Labor Republicans: We need a handful of pro-labor Republicans to stand up and fight back against these attacks. LET'S GET THEM ON BOARD!
3. Advocate for Changes: Push for changes to the proposed legislation, such as maintaining the High-3 method for current employees or providing additional retirement benefits to offset the reduction in annuity payments. FIGHT FOR YOUR FUTURE!
The Time to Act is Now!
We are actively engaging with lawmakers on this fight, but we need each and every one of you to pick up the phone and call your member of Congress. DO IT NOW!
The Bottom Line:
This is a BATTLE for your retirement savings. FIGHT BACK! Call your representatives, support pro-labor Republicans, and advocate for changes to the proposed legislation. YOUR FUTURE DEPENDS ON IT!
Industry Express
Cover industry conference, and deliver our insights
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