RealMoneyIssues
Well-known member
Yup, some of them are interesting, including this one:
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Republican plan to cut Federal Workers, Pay, Retirement
- Thread starter James48843
- Start date
- Status
crws
Active member
FAB1
Well-known member
Ross Peerot for President!!
Seriously folk, Nanski Peloski showed us they all follow when called, who are the puppet masters.
Show-me
Well-known member
CSRS is fully funded but I have never seen or heard that FERS is. Show-me I'm from Missouri.
James48843
Well-known member
FERS is fully funded. Burr is lying when he says there is a billion dollar shortfall. Employees make a contribution to FERS, and the employer makes a contribution to FERS.
The problem with money in Washington D.C. isn't that FERS retirements cost too much money.
It's that rich people are hording all the money. Period.
Distribution of wealth is the problem.
Share the wealth.
Show-me
Well-known member
No just endless promises of more entitlements, more wages and more benefits on the back of the taxpayer and our children and grandchildren get to pay for it after we enjoyed it and died with a smile on our collective faces because we got over with no sacrifice.
James48843
Well-known member
If you don't see it you must be blind.
You don't see dems lining up to hurt people the way republicans line up to hurt people.
RealMoneyIssues
Well-known member
Again, it is all the GOPs fault...
James48843
Well-known member
...
I have often thought that there would be another retirement plan implemented that would more closely reflect the realities of the public sector and this may be it (rather than reducing the benefits of the current FERS like changing to a hi-5).
It now seems likely that current employees will maintain the current FERS system as is and the new employees will have an new system, i.e. CSRS, then FERS, and coming soon FERS 2.0 (downgrade).
At least we will get "ours" ?...
No, you are missing entirely what is happening. They won't be content with doing a NO FERS plan for future employees. They are going to change to a "High-5' to cut benefits for current employees AND eliminate FERS altogether for future employees. And they'll cut TSP matching, and they'll drive wages lower, AND they'll continue to destroy ANY semblance of caring for employees.
This is what you who voted republican voted for.
SkyPilot
Well-known member
In the private sector most employees do not get any pensions, and mostly only get matching contributions to either IRA or 401k accounts.
I have often thought that there would be another retirement plan implemented that would more closely reflect the realities of the public sector and this may be it (rather than reducing the benefits of the current FERS like changing to a hi-5).
It now seems likely that current employees will maintain the current FERS system as is and the new employees will have an new system, i.e. CSRS, then FERS, and coming soon FERS 2.0 (downgrade).
At least we will get "ours" ?
Then of course we will have another "human capital crisis" and the public sector will fall behind the private sector, and there will have to be actions taken to increase employee retention rates, and so on and so forth...
I have often thought that there would be another retirement plan implemented that would more closely reflect the realities of the public sector and this may be it (rather than reducing the benefits of the current FERS like changing to a hi-5).
It now seems likely that current employees will maintain the current FERS system as is and the new employees will have an new system, i.e. CSRS, then FERS, and coming soon FERS 2.0 (downgrade)
.At least we will get "ours" ?
Then of course we will have another "human capital crisis" and the public sector will fall behind the private sector, and there will have to be actions taken to increase employee retention rates, and so on and so forth...
driz
Member
Apologies for the name associations and any insults to any Federal Clowns who were offended by associating their duties wrongly with those politicians who offered this up. I have the deepest respect for all Fed Clowns whether they are union or not.
I never thought I would see the day that FERS would be considered as an "overly generous" pension plan. These Politicians are flat out of their collective minds. Drop the govt part of FERS and offer only a 401K and they won't be able to get anyone with a high school diploma and what a work force that will be
. I am very glad I won't be around to see it. The rest of you have my deepest condolences. Those poor slobs would be better off as door greeters at Wallyworld. Hey Mr. Senator I have an idea. Lets set up a fully funded and dedicated federal employee retirement plan. Just check the old files back 25 years the blueprint is there. You can call it CSRS 2.0:notrust:.
wvango
Member
I found this site that talks about the intorduction of the Public-Private Employee Retirment Act of 2011 (S.644).
http://www.fedsmith.com/article/2800/senators-propose-ending-fers-defined-benefit.html#
http://www.fedsmith.com/article/2800/senators-propose-ending-fers-defined-benefit.html#
James48843
Well-known member
I thought this was the site where we get to talk about our retirement pension plans and that kind of stuff.
James48843
Well-known member
If they propose to do away with FERS what would they offer in it's place, some form of "profit sharing" ploy or possibly some form of massive contracting.
They are proposing to have NOTHING as a pension instead. The proposal is to keep the TSP as we have it today, and simply ELIMINATE the FERS pension. Period. Saves the government 11.7% of your salary by not having to put anything away for pensions for people. THAT is the proposal from the right.
This sounds like it is getting off the track and needs moved over to Beltway Talk.I always love to keep up with what these shysters are up to.
I was just watching FOX to get my daily dose of paranoia
I swear you could get more mature, reasonable and enlightened suggestions from a high school debate club.
These clowns have lowered the bar beyond desperate, they are now at the pitiful level.
driz
Member
James, I did some looking and found all sorts of old bills from previous bills but nothing current. Could you drop a link to it please. I always love to keep up with what these shysters are up to. If they propose to do away with FERS what would they offer in it's place, some form of "profit sharing" ploy or possibly some form of massive contracting.
Want to hear a better one? I was just watching FOX to get my daily dose of paranoia and what do I see but a proposal to charge Canadians and Mexicans to cross the borders of the USA. Unbelievable, $5.50 a head. Now I have been collecting User Fees on commercial trucks crossing the border for 22 years so the logistics isn't a stranger to me. We can hardly keep up sometimes now with all the car traffic so what do you think it's going to do? The other consequence might just take care of it more or less as many could just tell us to "stick it" and stay right at home. Contrary to popular belief the Canadians don't "need" us anymore than we "need" them. I swear you could get more mature, reasonable and enlightened suggestions from a high school debate club. These clowns have lowered the bar beyond desperate, they are now at the pitiful level.
Want to hear a better one? I was just watching FOX to get my daily dose of paranoia and what do I see but a proposal to charge Canadians and Mexicans to cross the borders of the USA. Unbelievable, $5.50 a head. Now I have been collecting User Fees on commercial trucks crossing the border for 22 years so the logistics isn't a stranger to me. We can hardly keep up sometimes now with all the car traffic so what do you think it's going to do? The other consequence might just take care of it more or less as many could just tell us to "stick it" and stay right at home. Contrary to popular belief the Canadians don't "need" us anymore than we "need" them. I swear you could get more mature, reasonable and enlightened suggestions from a high school debate club. These clowns have lowered the bar beyond desperate, they are now at the pitiful level.
James48843
Well-known member
Here is the actual bill and the co-sponsors of the bill to eliminate FERS retirement:
If any of those Senators are yours- you might want to give them a call and tell them what you think about eliminating FERS retirement.
If any of those Senators are yours- you might want to give them a call and tell them what you think about eliminating FERS retirement.
Buffalo_Nickle
Member
Where I work for DOD, unions.. ie: united aerospace workers; machinist union .. have little to nothing to say nor do with GS workers,.. only WG, etc type employees. Of course that is here in Carolina. Sort of a labor management arbitrator, very weak but good membership. Mainly a minority social club.
James48843
Well-known member
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