"...Pay increase lags behind inflation, Increase FERS contributions, High-5 average, Eliminate annuity supplement, Slash COLAs, Reduce the TSP’s G Fund interest rate, Higher premiums for workers, Budget cut, Training cuts, Union monitoring, ..."
"...Also, the President proposed budget hits against the postal and federal community. In part, the budget proposes to: increase employee retirement contributions to FERS approximately six-fold; eliminate the COLA for FERS retirees and to reduce the CSRS COLA by 0.5%; change the calculation of federal annuities from the High-3 to the High-5; reduce the earned interest in the Thrift Savings Plan G-Fund; and eliminate the Special Retirement Supplement for FERS annuitants who retire prior to reaching Social Security eligibility. The projected 10-years savings from these proposals total $179.5 billion. NAPS is urging Congress to reject White House proposals that undermine the Postal Service or target the pay and benefits of its employees..."
"...The budget also proposes slashing social safety net programs, eliminating or reducing CSRS and FERS cost of living increases, increasing employee retirement contributions, and changing the way retirement is calculated. “This budget is a blueprint of the administrations priorities and it is clear they do not value the dedicated postal and federal workforce, seniors, or those in need of assistance” said Legislative and Political Director Judy Beard. “As Congress develops their own budget, we will remain vigilant and work with our bipartisan allies to fight back against the attacks laid out in the White House budget..."