POLL: Deficit commission recs hit feds

WFED's Jason Miller on the DorobekINSIDER

wfedstaff |

The White House deficit commission released a plan Wednesday that contains policies that would impact federal pay and benefits.

Here are some of the commission’s recommendations:

  • Bring federal pensions in line with private sector
    The recommendation includes moving from a high-three to a high-five calculation of federal retiree benefits. Feds’ retiree benefits are currently based on the average of the highest three years of salary. The commission wants to use the highest five years of salary.

    The commission also wants to defer cost of living adjustments for retirees until age 62.

  • Three-year pay freeze
    The freeze would impact feds and civilians in the Defense Department. The commission estimates the cost savings to be $20.4 billion in 2015.
  • Reduce federal workforce through attrition
    For every three workers who leave, an agency can hire two new workers. The goal is to cut the federal workforce by 10 percent or 200,000 workers.
  • Pilot FEHB Program
    The Commission recommends transforming the Federal Employees Health Benefits Program into a defined contribution premium support plan that offers feds a fixed subsidy that grows by no more than GDP plus 1 percent each year.
  • Reduce Congressional and White House budgets by 15 percent
    Between FY2000 and FY2010, the budgets for Congress and the Executive Office fo the President have grown 50 percent. Reducing the budgets by 15 percent would save $800 million in 2015.

    Do any of these recommendations sound like a good idea to you? Take our poll!

    Which deficit commission recommendation do you agree with? (Choose one)
    Reform federal pensions
    Three-year pay freeze
    Reduce federal workforce through attrition
    Pilot Federal Employees Health Benefits program
    Reduce Congress, White House budget
    All of these are good ideas.
    None of these seem like a good idea.
    pollcode.com free polls

    Do you have a good idea not on this list? Email us your ideas and comments.



Jan 27, 2022 Close Change YTD*
L Income 22.9818 -0.035 5.42%
L 2025 11.7674 -0.0348 9.75%
L 2030 41.1981 -0.1745 12.37%
L 2035 12.3367 -0.0576 13.43%
L 2040 46.5517 -0.2384 14.51%
L 2045 12.7166 -0.0702 15.40%
L 2050 27.7906 -0.1647 16.34%
L 2055 13.5733 -0.1009 19.90%
L 2060 13.5730 -0.1009 19.90%
L 2065 13.5729 -0.1009 19.90%
G Fund 16.7560 0.0007 1.38%
F Fund 20.4420 0.0524 -1.46%
C Fund 65.3584 -0.3496 28.68%
S Fund 70.5987 -1.2451 12.45%
I Fund 37.2227 -0.2427 11.45%
Closing price updated at approx 6pm ET each business day. More at tsp.gov
* YTD data is updated on the last day of the month.