Proposed Changes to CSRS and FERS - CBO

[Silverbird]

Interesting point, ChemEng. As Rousseau (probably, maybe Antoinette) said, if the peasants have no bread then let them eat cake! At least our aristocracy (the CEO's) won't have to worry about a guillotine ..... :nuts:

Lady

It was Marie Antoinette, the Paris Hilton of her day. Except her mother actually was well educated and intelligent (Marie Theresea). Marie A. was her youngest child, and thus forgotten in the shuffle and had problems reading and writing.

 

[XL-entLady]

It was Marie Antoinette, the Paris Hilton of her day. Except her mother actually was well educated and intelligent (Marie Theresea). Marie A. was her youngest child, and thus forgotten in the shuffle and had problems reading and writing.

Thanks, Silverbird! The next time we have a game of Trivial Pursuit on the MB, I want you to be on my team!

Lady

 

[Silverbird]

Thanks, Silverbird! The next time we have a game of Trivial Pursuit on the MB, I want you to be on my team!

Lady

I actually am terrible at Trivial Pursuit - I just happend to see a special on Marie A. on the History channel.:embarrest:

 

[Callme_CO]

The CSRS/FERS defined-benefit pensions and SS are as "sound" as "the full faith and credit"; we all know that SS will be broke by 2030 and they are tinkering with fixing it again. However, TSP is defined-contribution, and has different rules.

Can i sue when when the SS system goes broke and i was forced to pay into it?

 

[XL-entLady]

Can i sue when when the SS system goes broke and i was forced to pay into it?

If you tried to sue an individual in the government because s/he screwed up and SS went broke, that would be a tort claim. And the government could choose whether to accept it or not.

And if you tried to sue the US government itself, well, there is a phrase called "sovereign immunity" that you would learn about then.

I know you were kidding, but the bottom line is, Nope! It's like our retirement annuity. Did you know that even though we paid into the system our entire careers, we do not have legal title to any of those funds and our retirement annuity is "a gift from a grateful government"?

Pits, huh.

Ah well, put all that all aside, everyone, and enjoy the sun and the barbeque this holiday weekend!

Lady

 

[Callme_CO]

lol oh well guess i'll just retire a little less happy.

 

[luv2read]

To those planning festivities for the long weekend, enjoy! For those on the Gulf Coast making storm preparations, BE SAFE! We will be watching with you.:worried:

 

[mick504]

Talk...rumor....actions about changing from a 3 yr to 5 yr have been in the works for quite some time. I'm retired....2006....but for those who haven't I wouldn't press my luck on waiting to retire under the old rules. I would be tracking this issue for sure....good luck and a great post by you!

 

[GUCHI]

mick

what do u mean changing from 3yr to 5 yr?? can u elaborate some ?? thanks 2 u and the MB

 

[mick504]

Guchi....sorry I didn't reply sooner ....as I either missed it or forgot about it. Anyway....for CSRS only...over the years...find some old timers...there has always been the discussion from back East on instead of using your last high 3 years to calculate your retirement amount that they would calculate it based on your high 5 years of earned income...usually your last 5 years worked. The 5 years would give you a lower average than using only 3 years. You would have to check w/Baltimore or DC to find out if that is in discussion or not. I am retired so it doesn't matter for me but could make a difference for those not retired but able to retire. Good Luck Mick