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If you are a federal employee, you need to read this:

GOP offers bill cutting pensions for new federal employees

WASHINGTON – New legislation introduced in the Senate would slash pensions for all federal employees hired starting 2013, invoking the argument that benefits for government workers are too generous and are a large contributor to budget deficits.

The "Public-Private Employee Retirement Parity Act," offered Thursday by Sen. Richard Burr (R-NC) and co-sponsored by Sen. Tom Coburn (R-OK), would eliminate all pensions under the Federal Employees Retirement System (FERS).

Apparently, it is not enough to eliminate pensions for state employees.  Now the GOP feels confident enough to eliminate federal pensions, too.  At what point will all workers stand up and say "No more!"?

This announcement was accompanied with the old line about "overpaid" federal government workers making 20-25% more than typical private employees.

I realize we have a lot on our plate right now: the crisis in Japan, the conflict in Libya, the ongoing wars in Iraq and Afghanistan and many others here at home struggling to find any work at all.  So I realize it is difficult to get people excited about federal workers losing part of their retirement.

Perhaps another issue is that many feel complacent because they think this will go nowhere with the Democrats in control of the Senate and Obama in the White House.  Perhaps they are right.  But should we really take the chance and ignore this attack on labor?

Furthermore, we need to start stressing this point: The problem isn’t that public-sector workers have too much retirement security. It’s that everyone else has too little.


Is this bill going anywhere?

7%2 votes
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3%1 votes

| 27 votes | Vote | Results

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Comment Preferences

  •  I am a federal employee and it just makes (8+ / 0-)

    me angry that so many people assume that I am getting so many "free perks". It angers me that no one has set the record straight.

    First of all I don't get free medical, dental, vision, or life insurance. I have to pay premiums out of pocket.  My health insurance costs around $87 per pay period. I also have to contribute to my own 401K. Yes, the government contributes 1% whether I participate or not and matches the first 5% of what I contribute; but, in all honest, most private sector employers do that.

    Now, as for FERS, it's not a "free benefit" either. Yes I get a pension, but I have around $26 taken out per pay period to fund it! Yes, that's a small amount, but I am not getting a free ride either there.

    I also pay social security taxes. When CSRS ended in the 1980s new employees joined FERS, which meant we had to pay social security taxes just like anyone else.

    So I am not getting a "free ride". But no one has ever brought that up.

    It sickens me.

  •  Great to see my Senator sticking up for me - not (1+ / 0-)
    Recommended by:

    Burr -- what an idiot. Every time I think he can't do anything more stupid he manages to surprise me. I guess the goal is to make working for the government really unattractive, thus reducing the size of the workforce. At the same time, you reduce the quality of the workforce, because you get what you pay for. Then you can point out how ineffective the government is (because you've made it that way) and all of your cronies can do whatever the hell they want with no oversight at all.

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