close
close

Trump is not the only one who is aimed at federal employees. House Republicans press cuts in pension benefits



Cnn

After months of fighting with the busy efforts by the Trump government to reduce the federal employees Another big change that could push out of the door even more.

The Republicans of the House want to make several major adjustments to the federal retirement advantages in order to pay for the party's tax and expenditure riveting package. The House Oversight Committee approved a plan last week, in which 50 billion US dollars would have come out of the retirement priority system in the next decade.

“You will invoice people more for benefits and then reduce the advantage by changing the formula for how the benefits are calculated,” Jacqueline Simon, Politic Director of the American Federation of Government, told employees, the largest federal union union, on Monday.

The cuts could cause workers to be considered to advertise the outputs in order to conclude their current advantages, say union leaders.

The Republicans of the Congress have long wanted to revise the federal workers' pension system, as did President Donald Trump during his first term. But their efforts have usually not continued far.

In the current political environment, however, politics -push can have a greater chance of being successful.

The “large, beautiful bill” of the Republicans has not yet been completed and still has to be approved by the full house and the Senate.

MP James Comer, chairman of the committee, described the efforts to save the Americans.

“The simple truth is that a significant amount of the costs associated with all of these services by hard -working taxpayers in the private sector and increasingly the loans from the federal government are now being financed,” said Comer in its opening speeches when the committee tested the plan.

At least one Republican from the Republican has already come out against the measure. OHIO, Mike Turner, voted against the committee's plan last week.

“I reject all efforts to reduce federal expenditure by taking out money from the hard -earned pensions of federal workers,” he said in an explanation. “These pensions are not giveaways – they promise federal employees in exchange for their dedicated service.”

The most important measure approved by the committee Would increase the federal employee's contribution rate for many current civil and postal providers to 4.4% of their salary. Those who were discontinued before 2014 generally contribute either 0.8%or 3.1%, while more recent settings usually contribute 4.4%.

For new pensioners who are too young to collect social security benefits, the plan would eliminate additional payment that is currently available to the federal employees in retirement until they are 62 years old.

The plan would also be based on the pension payments of the pensioners to their highest five years of earnings instead of the highest three years, which could reduce the advantage of thousands of dollars a year.

Certain employees, including the law enforcement authorities, customs and border protection officers and air traffic controls, would only be entitled to these provisions according to their obligatory retirement age of 56 or 57, depending on their position, only according to their obligatory age of 56 or 57 for the additional pension payment.

In addition, the plan would impose new employees who do not agree to serve “as desired”, an additional pension contribution of 5%, a status that protects less jobs.

The proposed plan has triggered a new round of concerns among federal workers, especially for older employees, say union leaders.

“People are very frustrated at the moment and think that it is like a bait and a switch,” said Brandy Moore White, President of the AFGE councilor of prison home, who represent more than 30,000 federal prisoners.

Although their members are not subject to many provisions, those who retire before they are 57 years old would not receive any additional payments until they make this mandatory retirement age. The loss would be “devastating” for some of the prison employees, since it is not unusual that employees will retire after years of service in the forties or early 50s.

A quarter of the staff can be entitled to retire in the social security administration, said Jessica Lapointe, President of the AFGE 220, who represents the employees in the centers, branch offices and other units of the agency. Some call you to say that you now want to insert your retirement provision into the pension advantages.

“There is no way to record this goal,” she said, her colleagues tell her.

Leave a Comment