End of the "High Three"

[Bullitt]

You know this is coming sooner than later- so don't act like you're so surprised. We are going to pay for the consequences of the past 20 years for the rest of our lives.

House Republican leaders have submitted a so-called deficit reduction proposal slashing federal retirement benefits, as well as funding for many agencies and worthwhile programs.

In a June 4 White Paper, Republican Minority Leader John Boehner (R-Ohio) and Whip Eric Cantor (R-Va.) recommend basing retirement calculations on "high five" instead of the current "high three" average years of salary. Annuities under the Civil Service Retirement System would be reduced by $6,500 over five years.
http://republicanleader.house.gov/UploadedFiles/06-04-09_Savings_Proposals_For_President.pdf

[weatherweenie]

Another item to be shocked by: 'Eliminate Retirement Payments For Federal Workers Who Retire Before Age 62'

[Frixxxx]

Another item to be shocked by: 'Eliminate Retirement Payments For Federal Workers Who Retire Before Age 62'
Site please?......Please.....

[weatherweenie]

Site please?......Please.....
http://republicanleader.house.gov/Up..._President.pdf (http://republicanleader.house.gov/UploadedFiles/06-04-09_Savings_Proposals_For_President.pdf)

[alevin]

Yup, that was also in the fine print of the article link I posted earlier in "sourcing go-round" thread.

http://www.govexec.com/story_page.cfm?articleid=42938&dcn=todays_most_popular

[Buster]

Gone no where..

Did my retirement papers today and I asked about this and HR said the PROPOSAL (and that's all it was) was trashed last fall.

[KevinD]

Good for you! Congrats!

[grandma]

Gone no where..
Did my retirement papers today and I asked about this and HR said the PROPOSAL (and that's all it was) was trashed last fall.

Congratuations, Buster!
You have a bathroom re-do to ease into the lack of an alarm clock ringing every morning? :D

[nnuut]

Gone no where..

Did my retirement papers today and I asked about this and HR said the PROPOSAL (and that's all it was) was trashed last fall.
Now the fun part begins!!!:laugh:

[Buster]

Congratuations, Buster!
You have a bathroom re-do to ease into the lack of an alarm clock ringing every morning? :D
Thanks guys and Grandma...It's scaring the hell out me right now..knowing I'll be going solo without the feeling of this job every morning to go to like I have been for the past 36+ years...those that have retired know what I mean..

I do however, have a contractor job all lined up and it will pay the same yearly salary that I was making as a FTE with the FAA, I start 10 days after I retire, June 4th..So life is really better..cept, no more Lean Sick Sigma, KSN, ISO, Configuration Management, T&A, LDR and all the other BS of the day to day job I have now....

YuP..as far as honey do's? Plenty!!!..Paint outside of house, new granite counter tops in kitchen, new Master bath Shower basin, Tile front porch, New Roof (gotta hope for a nice hail storm to take that out [wood roof])..

And of course a new toy....A new Mercedes E350 to replace the old 2003 Jaguar
...
http://i16.photobucket.com/albums/b47/Atwater/jag5.jpg


Of course I'll be keeping my- soon to be collector's item, the Hummer.;)