NFFE Legislative Action Alert –
National Federation of Federal Employees, IAMAW, AFL-CIO
Major cuts being proposed to gut federal employees' retirement
The president's budget proposed $149 billion in cuts (about $75,000 per federal employee).
Congress will be making a final decision (for this budget cycle) in the coming days
The House and Senate will vote on a joint budget resolution that could open the door to reduce earned pay and cuts to benefits for federal employees.
The House-passed version of the budget resolution contains an increase for retirement contributions by federal employees (which amounts to a pay cut), and it reduces or eliminates cost-of-living adjustments for retirees. The House version also eliminates the annuity supplement for early retirees, many of whom are mandated to retire at an early age.
The Senate-passed version does not contain any of these cuts or reductions. Instead, the Senate version focuses on tax policy in anticipation of upcoming “tax reform” legislation.
The final version of the joint budget resolution must be in identical form and agreed to by vote in the House and Senate. The House may vote this week, so contact your senators and representative today!
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