Forget coronavirus and primaries, time for wallet check!

The Democratic presidential primaries are great drama this year. “America’s Got Talent” meets “Survivor.” The GOP contest will be more like a dull public service announcement, but it’s what we have for now.

The coronavirus scare and its impact on the stock market, and maybe literally on our lives, is super important. And as we learn more about the virus and the growing number of victims it may be that the worst is yet to come.

That said … until a lot more is known, life goes on. You’ve still got a job to do, duties to perform which, as a federal worker, are or will become super-high profile in the months to come. Members of the general public who view government as a collection of time-serving, fire-proof bureaucrats will get a new look at government scientists, researchers and first-responders who actually do things and get things done. And no matter how bad things get, if they do, life goes on. It’s an election year so anything can happen, including nothing.

The Trump administration has again proposed its round-up-the-usual suspects legislative wish list. The idea is to” reform” the federal retirement package — reform, as in make people pay more for their retirement benefits while working. It calls for a 6% cut in take-home pay over six years while getting less on the receiving end in retirement. Annual cost-of-living adjustments would be reduced for those under the old Civil Service Retirement System and eliminated completely for people retiring under the Federal Employees Retirement System. So-called gap payments currently worth tens of thousands of dollars would be eliminated for FERS employees retiring before they are eligible to collect Social Security at age 62. That would be a major financial blow to air traffic controllers, law enforcement officers, firefighters and others who are forced to retire at age 57.

Plans to revise, modify or kill the government pension offset and windfall elimination provisions have also been reintroduced by pro-fed legislators. GPO and WEP reduce or eliminate the Social Security benefits of civil service retirees or their survivors.

Federal pay raises are always tricky especially when an election is coming. Last year President Donald Trump proposed a zero pay raise for white collar feds. But congressional Democrats insisted on a 3.1% raise for January 2020. And Senate Republicans went along. This year the White House wants a 1% civilian raise for 2021. House Democrats are pressing for a 3.5% increase. So what are the odds?

What are the odds that this election-obsessed Congress now dealing with the threat a pandemic-triggered stock market meltdown will do anything for or against feds?

With all the problems bubbling here in March, is Congress really going to spend real time moving most functions of the Office of Personnel Management to the General Services Administration? Except for some Washington-based technocrats, and some hungry contractors, who cares about that when China is in lockdown and the stock market is free-falling?

Good questions: Which we’ll ask today when Jessica Klement and John Hatton from the National Active and Retired Federal Employees Association join us at 10 a.m. EDT on Your Turn. Listen on or at 1500 AM in the Washington, D.C. area.

We’ll talk about what Congress may or may not do to your pay and benefits, and to proposals to lower the rate of interest on the G fund which is a favorite “safe” investment during troubled times for many TSP investors. If you have questions for them please send them to me before showtime at: If you can’t listen now the show will be archived on our website so you can hear it anytime.

Nearly Useless Factoid

By Amelia Brust

If you want to literally ring Canada, or or more specifically its government’s general information office, just dial 1-800-O-Canada (1-800-622-6232).


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Your Turn with Mike Causey


Learn about everything from pay, benefits and retirement, to buyouts, COLAs and pay freezes. Call the show live Wednesdays from 10-11 a.m. at 202-465-3080 with your questions. Dial 605-562-0264 to listen live from any phone. Follow Mike on Twitter and send him an email with your questions and comments. Subscribe on Apple Podcasts or Podcast One.

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Oct 26, 2021 Close Change YTD*
L Income 23.3406 0.0147 3.52%
L 2025 12.1388 0.013 6.40%
L 2030 43.1053 0.0599 7.92%
L 2035 12.9750 0.0195 8.58%
L 2040 49.2122 0.0794 9.26%
L 2045 13.5082 0.0229 9.83%
L 2050 29.6522 0.0527 10.41%
L 2055 14.6732 0.0292 12.65%
L 2060 14.6731 0.0292 12.65%
L 2065 14.6730 0.0293 12.65%
G Fund 16.6901 0.0006 0.99%
F Fund 20.8361 0.0344 -1.40%
C Fund 68.8686 0.1251 15.90%
S Fund 87.5019 -0.4814 11.66%
I Fund 39.5427 0.2149 8.56%
Closing price updated at approx 6pm ET each business day. More at
* YTD data is updated on the last day of the month.