I consider anything that adversely affects retiree pay to be significant. But, continuing to get a COLA with a mere 0.5% reduction (CSRS) is significantly more advantageous than eliminating COLAs altogether (FERS) on top of losing a significant portion of your retirement pay (FERS Supplement).
Add that to the fact that FERS employee contributions are being used to cover the unfunded liabilities of the CSRS, and will for decades to come, and it would appear the targeting of FERS benefits vs. CSRS benefits is out to balance.
CSRS Budget and Trust Fund Issues
Nothing against CSRS retirees, I almost was one (would have converted to FERS).
It simply is, what it is.
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