Congress is back! What does that mean for you?

Your Turn

Congress is back! What does that mean for you?

Congress is considering a several proposals to reform federal retirement system. If passed, how would they impact retirees' spending ability? Find out when...

September 5, 2017 5:25 pm

1 min read

It might be a good idea if members of the U.S. House and Senate adopted the first-do-no-harm rule as they return, briefly, to the business of making the nation’s laws. Or not.

There hasn’t been much accomplished this year which, for a lot of people including members of the federal family, is a good thing. But there is still time between now and the end of the fiscal year (September 30th) and the last day of Congress, in December to mess up.

Federal and postal workers and retirees are watching a half dozen proposals that have major support, especially among House Republicans.

They range from limiting and/or eliminating cost of living adjustments for government retirees to a proposal to gradually increase employee contributions to the FERS retirement plan. Yet another proposal will eliminate a financial Social Security safety net for FERS employees who retire early.

So what’s going to happen? Nobody knows, of course. But lots of people have been tracking the situation and have been in this situation before.

Today on Your Turn, host Mike Causey will be talking with FederalNewsRadio reporter Nicole Ogrysko.

Ogrysko has been following the legislative twists and turns and recently explained a Congressional Budget Office report that talked about the savings to the government – which translates into a $$$ loss for you – if any, or all, of the proposed changes becomes law.

That’s 10 a.m. today (EDT) here on federalnewsradio.com or in the DC area at 1500 AM.