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NARFE: Protecting your retirement benefits

NARFE: Protecting your retirement benefits

FromYour Turn with Mike Causey


NARFE: Protecting your retirement benefits

FromYour Turn with Mike Causey

ratings:
Length:
41 minutes
Released:
Sep 18, 2018
Format:
Podcast episode

Description

The Trump administration wants to cut costs in the giant Federal Employees Retirement System by totally eliminating future COLAs for FERS retirees.

If it becomes law the 2019 COLA — assuming there is one — would be the last. Workers under the FERS plan would be required to increase their contributions to the FERS program by one percentage point a year for six years. That would mean a 6 percent cut in take-home pay, if it happens.

The National Active and Retired Federal Employees Association or NARFE is part of a coalition of federal-postal unions and management groups dedicated to protecting benefits, including the retirement plan, from cuts.

So what are the odds they can do it again this year? And what about the odds of a 1.9 percent January federal pay raise?

Jessica Klement and John Hatton with NARFE's legislative advocacy department, answer those questions on this week's  Your Turn radio show. Your Turn airs at 10 AM ET in the Washington D.C. area.
Released:
Sep 18, 2018
Format:
Podcast episode

Titles in the series (100)

Federal News Network Senior Correspondent Mike Causey discusses everything of interest to federal employees, from pay, benefits and retirement, to buyouts, COLAs and pay freezes.