"...Financial professional and longtime fed Abraham Grungold joins the podcast to discuss the Thrift Savings Plan..."
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"...Financial professional and longtime fed Abraham Grungold joins the podcast to discuss the Thrift Savings Plan..."
"...As anticipated, the 2018 House Budget is in the same mold as the White House budget – it punishes workers and the working-class, while giving big payouts to the rich. The resolution instructs the House Oversight and Government Reform Committee (which has jurisdiction over the Postal Service and postal/federal employee annuity benefits) to cut $32 billion in the programs and agencies they oversee during ten years. Like the White House proposal, the House budget recommends big pay cuts to postal workers through increased Federal Employee Retirement System pension contributions and eliminating the special retirement supplement (which helps federal retirees who retire before they are eligible for Social Security benefits). These two proposals alone will take thousands of dollars out of the pockets of postal workers and retirees. Even more egregious, the House plan calls for replacing guaranteed pension benefits..."
"...The House of Representatives voted 243-193 on Dec. 13 to pass the so-called “Middle Class Tax Relief and Job Creation Act of 2011,” which would cut take-home pay for postal and federal workers by increasing their contributions to the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS). The bill also would slash unemployment benefits, place unreasonable burdens on unemployed workers, and cut vital healthcare programs.
Voting in favor of H.R. 3630 were 224 Republicans and 10 Democrats. Fourteen Republicans and 179 Democrats voted no...."