An AFGE witness had said at a House hearing Thursday that the budget would include such provisions, although she did not go into detail.
For those of you not yet retired this is good to know information.
For more than a year Idealliance and its Coalition for a 21st Century Postal Service (C-21 Coalition) partners have been working to develop the structure of a bill that could prevent the worst case scenario from happening.
Update: See: Trump Budget Proposal Would Cost Federal Employees, Retirees Big Bucks Changes in federal retirement policies included in President Trump’s budget proposal would impose substantial new costs to active employees to fund their future benefits while reducing the value of benefits for both current and future retirees.
Other provisions would repeat several ideas that have been raised numerous times: changing benefit calculations of future retirees to base them on the highest five consecutive salary years rather than the current “high-3”; and eliminating for future retirees the “special retirement supplement” paid to those under FERS who retire before age 62 until they reach that age and Social Security begins.
The newspaper said the White House will propose that the changes be effective as of fiscal year 2018, which begins October 1, but that there would be flexibility since the federal budget for the new fiscal year often is not finished on time.
You can find ZIP codes and post office locations, and track a package with online tools from the U. You can also search for all city/town names in a ZIP code.The OPM retirement figures include postal workers, because though they are paid separately by the Postal Service, they participate in CSRS or FERS.The Postal Service is a quasi-government agency that is funded only by mail-related revenues.In what would be another difference by retirement system and another change from past proposals, the newspaper said the budget will seek to deny COLAs for FERS retirees, both current and future, while shaving 0.5 percentage points off the indicated COLA for CSRS retirees.It said that those officials said the fully indexed Social Security benefits for FERS employees would balance out the two.