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Reply #6


Response to IamK (Original post)

Tue Dec 13, 2011, 08:45 PM

6. VETO- please!

Rep. Sander Levin of Michigan, senior (D) lawmaker on the Ways and Means Committee, displayed a placard that said:

"Seniors sacrifice: $31 billion. Federal workers sacrifice: $40 billion. Unemployed Americans sacrifice: $11 billion. Millionaires and billionaires sacrifice: $0."

As a federal employee, I am not happy that this bill:

#1. Freezes my and other employees pay AGAIN for the third year straight;

#2. boosts the employee contribution from 0.8% of pay, to 4% of pay towards the Federal Employees Retirement System (FERS) pension;

#3 reduces the pension calculation of FERS from a High-3 to High-5 calculation, meaning a cut, on average of about 10% in the value of the pension payment;

#4. A reduction of 1% per year credit for years worked to 0.7% per year credit (pension becomes 21% of high-5 years pay, instead of 30% of high-3 pay)

#5 the elimination of the FERS supplement for retirements before age 62. (Currently, if you work over 30 years, you could retire as early as age 57, and receive 30% of your high-three years pay, plus a small supplement until Social Security kicks in at age 62.)


Sure, make me pay. And don't go bothering those millionaires and billionaires. They already pay enough, right?

What about "shared sacrifice?"

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Arrow 41 replies Author Time Post
IamK Dec 2011 OP
Angry Dragon Dec 2011 #1
chemp Dec 2011 #2
Angry Dragon Dec 2011 #5
handmade34 Dec 2011 #17
INdemo Dec 2011 #19
karynnj Dec 2011 #22
PamW Dec 2011 #26
MH1 Dec 2011 #30
karynnj Dec 2011 #33
TX_Taxpayer Dec 2011 #40
CaliforniaPeggy Dec 2011 #3
INdemo Dec 2011 #41
Rosa Luxemburg Dec 2011 #4
Hotler Dec 2011 #29
LineReply VETO- please!
James48 Dec 2011 #6
atreides1 Dec 2011 #21
lib2DaBone Dec 2011 #7
24601 Dec 2011 #10
James48 Dec 2011 #11
24601 Dec 2011 #36
cstanleytech Dec 2011 #8
cyberpj Dec 2011 #27
cstanleytech Dec 2011 #32
cyberpj Dec 2011 #35
DCBob Dec 2011 #9
karynnj Dec 2011 #23
libinnyandia Dec 2011 #24
DCBob Dec 2011 #28
Samba Dec 2011 #12
McCamy Taylor Dec 2011 #13
Moostache Dec 2011 #14
truthisfreedom Dec 2011 #15
Turbineguy Dec 2011 #16
handmade34 Dec 2011 #18
JustAnotherGen Dec 2011 #25
CarmanK Dec 2011 #20
KansDem Dec 2011 #31
pinto Dec 2011 #34
eilen Dec 2011 #37
ecoalex2 Dec 2011 #38
DreamSmoker Dec 2011 #39
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