"...The retirement cuts would have devastating implications for APWU members, including:
Eliminating the FERS Social Security supplement, which allows workers who have earned their retirement the ability to retire before their Social Security benefits begin;
Increasing the FERS annuity contribution rates for all active employees to 4.4%;
Replacing the High-3 FERS annuity calculation with a High-5 calculation, resulting in a reduction in annuity payments.
Also included in the passed were egregious attacks on federal employees, such as:
Charging a filing fee for Merit Systems Protection Board Claims and Appeals, and
Forcing new hires in the federal workforce to choose between at-will employment or paying an increased FERS contribution rate of 9.4%. While this specific proposal does not currently apply to postal workers, it is a dangerous change to eliminate job security and protections from government service.
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This Article is From: apwu.org
