The Federal workforce is powerful. It does not want to see change. It does not want cuts to expensive benefits.
(From The Federal News Network)
The proposals consist of an elimination of the special supplement for participants in the Federal Employee Retirement System (FERS) who are statutorily forced to retire before reaching Social Security eligibility, an elimination of the annual cost-of-living-adjustment (COLA) for FERS, a cut in the COLA formula for participants in the Civil Service Retirement System (CSRS) and a move to use the average of an employee’s highest five years of salary instead of an employee’s highest three years of salary.
In addition, the President’s budget request recommends an increase in federal employee contributions by 1 percent each year.