Congress is in the midst of “reforming” the federal government by rounding up overpaid bureaucrats and whittling back their break-the-bank benefits.
Uncle Sam isn’t Detroit. At least not yet, says Senior Correspondent Mike Causey. But a growing number of politicians — some seeking better ways to do things, some bureaucrat-haters — are looking at the government retirement program as the place to make savings.
In a new report on reducing the federal deficit, the Congressional Budget Office suggests that cutting 70,000 government jobs over the next decade and changing the math used for civilian and military pensions could save $100 billion.
NARFE Legislative Director Jessica Klement, and Federal Times Senior Writer Andy Medici will discuss chained CPI, pay raises, and other issues affecting feds. July 23, 2014
When you are expecting a big expensive wedding cake and somebody brings you a single Twinkie it can strain the relationship. That’s sort of the situation today between federal and postal unions and the White House, Senior Correspondent Mike Causey says.
Was there a monster under your bed when you were a kid? Did demons lurk in your closet waiting for lights out? Well they may be gone, but now as an adult civil servant there’s a real terror lurking out there, Senior Correspondent Mike Causey says.
Could political gridlock save you up to $48,000 in retirement? It could if it blocks a politically explosive plan to trim future cost-of-living adjustments for retirees, Senior Correspondent Mike Causey says.
Today’s announcement that President Barack Obama would not be including a proposal to calculate cost-of-living changes to federal retirement rates in his 2015 budget should be welcome news to federal employees, legislators and federal-employee support groups who opposed it.
Reps. Jim Bridenstine (R-Okla.) and Doug Lamborn (R-Colo.) introduced a bill Tuesday to cancel sequestration for the Defense Department for two years. The bill would offset this change by using a chained CPI to calculate COLAs for federal retirement programs along with other entitlement reforms.
A new Congressional Budget Office analysis of proposed deficit-reduction efforts contained half a dozen proposals affecting federal employees, including reducing annual pay raises, requiring federal employees to contribute more toward their pensions and reducing the size of the federal workforce through attrition. All told, such proposals would reduce federal outlays or increase revenues by $308 billion, according to CBO estimates.