House GOP Leadership Proposes Federal Retirement Cuts

June 15, 2009 by
Filed under: Congress, NAPUS, Postmasters, retirement 

From the National Association of Postmasters of the US

Last week, House Republican Leaders John Boehner (R-OH) and Minority Whip Eric Cantor (R-VA) sent President Obama a budget proposal outlining approximately $375 billion in cuts over the next five years. Among the proposed reductions was changing the formula for calculating Civil Service Retirement System (CSRS) annuities from the average of the highest three salaried years to the highest five years. The Congressional Budget Office (CBO) projects that this change would save about $1.2 billion over a five-year period. Another recommendation proposed by the House Republican Leadership is to increase the retirement age of certain members of the federal workforce. Boehner and Cantor recommend no retirement benefits be available for federal employees until they reach age 62. CBO estimates that this proposal would save approximately $1.3 billion over the next five years. These misguided proposals have been considered and rejected, in a bipartisan way, in the past. Moreover, it is highly doubtful that the GOP plan has support either at the White House, or can get any traction on Capitol Hill.

NAPUS is maintaining an eagle-eye on budget shenanigans that may directly or indirectly impact postal employees and retirees. As referenced in the FERS sick leave article, it appears that federal and postal employees were milked, through the creation of the TSP Roth IRA, to help pay for a piece of legislation that has absolutely nothing to do with the federal or postal workforce; and the federal workforce’s financial contribution to the tobacco to bill was greeted with the elimination pro-employee provisions in the bill – first by the Senate Health Committee, and second by Sen. DeMint. In addition, we need to be attentive to H.R. 22, the pending postal relief legislation, to ensure that it does not morph from providing temporary relief to becoming a revenue stream for deficit reduction, or simply a venue for postal cost-cutting.

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No Comments on House GOP Leadership Proposes Federal Retirement Cuts

  1. Obama on Mon, 15th Jun 2009 4:35 pm

    2. Would I bullsh*t you people? Ya helped me get in and I will help you (blink-blink).

  2. purpelhaze on Mon, 15th Jun 2009 5:30 pm

    3. How long does $1.2billion last in Iraq, a month? Don’t be wasting money on people in this country!

  3. RedRidingHood on Tue, 16th Jun 2009 12:55 am

    4. Dear “Obama” poster:
    Did you READ this article?
    It says the SOURCE of these ideas were “…Boehner
    and Cantor…” In other words, the Republicans
    think that these are good ideas….NOT THE DEMOCRATS as you infer…”wink,wink”….it appears
    once again that the ill informed and the easily
    led are popping their mouths off without factual
    basis.

  4. old postal guy on Tue, 16th Jun 2009 2:29 am

    5. to the “Obama” poster, I think you failed reading & comprehension in school!! Thanks for the clarification “red ridinghood” but unfortunatly “Obama” wont understand it either…lol

  5. MAZZ on Tue, 16th Jun 2009 12:10 pm

    6. TAKE THE HELM FROM THE INCOMPETENT

  6. Rich on Tue, 16th Jun 2009 2:42 pm

    7. Yet another example of the Republican “trickle down” philosophy… scream about more tax breaks for the rich but try to erase the Federal budget defecit (75% of which was created by the Republicans) on the backs of the average Federal Retiree. I have 32 years service as of August 1 and if I go (under CSRS) I’ll collect a whopping 2,500 bucks a month. More of the GOP class war… let’s hope they go the way of the Whigs.

  7. ClassAction on Tue, 16th Jun 2009 2:47 pm

    8. Oh no I should have become a lawyer because some group of lawyers somewhere is going to have fun with this one. It will save the guvmint a whole billion and a half of hyperinflated american dollars and the guvmint will have to spend half of that in court and way way more if they lose.

  8. whatever on Tue, 16th Jun 2009 2:59 pm

    9. you need to wake up and smell not just the cream in the coffee but the coffee in the cream, oh but you are to ignorant to realize its both. get the picture you dumbass OBAMA can care the less what you fools have to say negitive about him. oh here is a penny go buy you a life because the one you have isn’t worse the penny you got.

  9. EAS WITH GED on Tue, 16th Jun 2009 5:24 pm

    10. THE REPUBLICANS AND DEMOCRATS JUST LOVE IT WHEN THE RHETORIC INFLAMES THE “US VS.THEM MENTALITY”…WHAT IS IT GOING TO TAKE FOR “AVERAGE JOE” AMERICA TO REALIZE THAT NEITHER THE DEMOCRATS OR THE REPUBLICANS HAVE THEIR BEST INTERESTS IN MIND! BOTH PARTIES ARE CORRUPT! BOTH PARTIES ONLY CARE ABOUT THEIR POWER AND GETTING RE-ELECTED! THE TRUTH IS THIS …THEY WERE NOT ELECTED TO REPRESENT YOU …”JOE AMERICAN”..THEY WERE ELECTED TO SHOWER MONEY AND FAVORS TO THE VIPS WHO SUPPORTED THEIR ELECTION CAMPAIGNS! DEMOCRACY?

  10. F#$K EM on Wed, 17th Jun 2009 2:02 am

    11. F$%K EM ALL!!

  11. Mad Jack on Thu, 18th Jun 2009 3:13 am

    12. Vote Republican…it’s easier than thinking!

  12. union1 on Thu, 18th Jun 2009 5:40 am

    13. Hey man, I only want the same bennefits as those that are suppose to be representing us get. Why are we not asking what their bennefits are and then putting ours in line with theirs?

  13. Friedman on Fri, 19th Jun 2009 4:46 am

    14. Kill this initiative to change the retirement calculation and when people can retire. There are other ways to save money that don’t hurt people financially.

  14. screwed on Fri, 19th Jun 2009 12:28 pm

    15. ALL federal employees should have the same retirement and health care packages. D C folks should get off their high horses. I don’t get it. What planet are these Repubs living on? Cut Boehner & Cantor’s compensation packages. They sure as hell ain’t worth a dime.

  15. DeepandOften on Wed, 2nd Dec 2009 2:35 am

    16. Everytime the Gov’t needs money they come after us! I would love to get all my Social Security, but Ronald Reagan said we are double dippers….Of course that Republican hipocrit got a Presidential pension, a Governor’s pension, a screen actors guild pension and yes Social Security….But God forbid that I get my full Social Security that I paid into before I came to the Postal Service….Every stinking time I turn around I have some Republican trying to save money by going into my pockets!! KNOCK IT OFF!! Maybe if they cut down the billions of dollars in tax breaks they give the oil companies we could get a break…for once!