A way to score cheap political
"points" by creating a sense of "jealousy" in the poor and
disenfranchised by beating up on federal employees! (A common "Tea Party" tactic)
Comment by a current federal employee with four years to retirement!
My pension would be very close to 'cantdomath' (if not more because my
current salary is higher). Nonetheless, even if H.R. 3813, The
Securing Annuities for Federal Employees Act of 2012 were passed, it
would affect employees hired after December 31, 2012.
Nonetheless, passing this will not attract people to work for Uncle
Comment be Ben Gordon, Webmaster
If this MORON
Dennis Ross gets his way (he can't/you can't re-write existing
employment agreements currently in effect, Hello UNION http://www.nffe.org/) the federal government (not
a great place to work now) will be unable to attract long term
employees (the desperate will stay just long enough to find a REAL job).
The small FERS retirement is consumed by federal & state tax along w/costly health insurance premiums. The FERS contract included an annuity supplement.
If I may add, this little jackass gets 1.7% (his figures) of salary instead of the 1% that HARD WORKING federal employees on FERS (Federal Employees Retirement System/Dennis would like to cut) receive in retirement!
Average income for seniors on SOCIAL SECURITY - $12,000
Comment by by "cantdomath" February 8, 2012, 3:34pm
So, let’s do some basic math. At age 56 I can retire and get a
pension of $32,000 and a social security bridge payment of $14,000 a
year for a total of $46,000 a year pension. Since the congress wants to
save money they don’t want to pay me the $14,000 a year. I
can’t retire on $32,000 a year, so I have to keep working. At my
current salary of $98,000 a year, hmmmm…(this is the basic math
part) $98,000 – $46,000 =$ 52,000. So congress can either pay me
$14,000 a year and I can quit or pay me the additional $52,000 a year
because I have to stay. Only our congress can do math like that and
call it a savings. Oh yeah, multiply that by thousands of employees
that are in the same boat as me now because of this legislation. Way to go congress!!