End of the "High Three"

**Bullitt** · 06-25-2009, 03:37 PM

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/Up..._President.pdf

**weatherweenie** · 06-25-2009, 03:50 PM

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

**Frixxxx** · 06-25-2009, 03:54 PM

Originally Posted by weatherweenie

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

Site please?......Please.....

**weatherweenie** · 06-25-2009, 04:10 PM

Originally Posted by Frixxxx

Site please?......Please.....

http://republicanleader.house.gov/Up..._President.pdf

**alevin** · 06-25-2009, 04:47 PM

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.cf...s_most_popular

**Buster** · 03-20-2010, 01:25 AM

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** · 03-20-2010, 01:59 AM

Good for you! Congrats!

**grandma** · 03-20-2010, 02:41 AM

Originally Posted by 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.

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

**nnuut** · 03-20-2010, 02:41 AM

Originally Posted by 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.

Now the fun part begins!!!

**Buster** · 03-20-2010, 03:19 AM

Originally Posted by grandma

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

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
...

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

**FireWeatherMet** · 03-22-2010, 07:20 PM

Originally Posted by 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.

But Buster,

If you put off your retirement for another year and your buddies Cantor and Boehner get a veto-proof super majority...then you can reap the benefits of GOP leadership firsthand.

From that proposed bill (or what I like to call the GOP rallying cry of "The Beatings Will Continue Until Morale Improves") :

"Eliminate Retirement Payments For Federal Workers Who Retire Before Age 62"
The Federal government provides civilian employees with a benefit not normally offered to private sector employees, Federal employees who retire at age 55 or older with at least 30 years of service or at age 60 with at least 20 years of service receive until they reach 62 a benefit equal to the estimated Social Security benefit for which the worker will become eligible at age 62. This policy not only encourages Federal employees to retire early, but it comes at a significant cost to taxpayers. Preliminary estimates indicate that the early retirement benefit costs taxpayers $267 million a year."

**Viva La Migra** · 03-22-2010, 07:30 PM

Originally Posted by FireWeatherMet

But Buster,

If you put off your retirement for another year and your buddies Cantor and Boehner get a veto-proof super majority...then you can reap the benefits of GOP leadership firsthand.

From that proposed bill (or what I like to call the GOP rallying cry of "The Beatings Will Continue Until Morale Improves") :

"Eliminate Retirement Payments For Federal Workers Who Retire Before Age 62"
The Federal government provides civilian employees with a benefit not normally offered to private sector employees, Federal employees who retire at age 55 or older with at least 30 years of service or at age 60 with at least 20 years of service receive until they reach 62 a benefit equal to the estimated Social Security benefit for which the worker will become eligible at age 62. This policy not only encourages Federal employees to retire early, but it comes at a significant cost to taxpayers. Preliminary estimates indicate that the early retirement benefit costs taxpayers $267 million a year."

This is inevitable if we are going to pay for the progressive agenda.