"...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..."
This Article is From: naps.org
