OPM Updates Furlough and RIF Guidance
With Potential 2017 Cuts Looming, OPM Updates Furlough and RIF Guidance With Potential 2017 Cuts Looming, OPM Updates Furlough and RIF Guidance - Pay & Benefits - GovExec.com
The government is currently being funded by a CR through April 28th Appropriations Watch: FY 2017 | Committee for a Responsible Federal Budget
If you are still working, what are you or your agencies doing to prepare for potential government shut down?
I've only been retired for a year, but I remember the 1995 and 2013 shut downs--relatively short for DoD but longer for other agencies.
For those who have been retired for awhile, what impact, if any, would a government shut down have on retirees?
Re: OPM Updates Furlough and RIF Guidance
The only point I can attest to is the one for those who have been retired for awhile: 8 yrs for me and 18 for Hubby. We experienced no impacts. NARFE was able to stop Congress from affecting our annuity and healthcare benefits the last time. This time will be a whole new ball game as Trump (Republicans) did not get the savings through killing Obama(no)Care. Congress will be looking other places to save money. The fight will be much harder this time. If you have any doubts, just talk to some postal employees and retirees. Or better yet, join NARFE and help protect your earned benefits that the Government promised you while you worked. National Active and Retired Federal Employees Association (NARFE)
2moryrs
Re: OPM Updates Furlough and RIF Guidance
Quote:
Originally Posted by
evilanne
There would be fewer of us paying for your retirement.
Re: OPM Updates Furlough and RIF Guidance
Quote:
Originally Posted by
FireWeatherMet
There would be fewer of us paying for your retirement.
Actually, the cost avoidance of of paying one equivalent or higher FERS salary to what I was making would currently cover 2+ retirees' pensions under FERS like me:D
Re: OPM Updates Furlough and RIF Guidance
Nobody is talking about the real issue TODAY- and that is that the DEBT LIMIT has been exceeded already, and there is NO LEGAL AUTHORIZATION TO CONTINUE TO WRITE RUBBER CHECKS.
https://www.treasury.gov/initiatives...debtlimit.aspx
Technically, the U.S. Government is OUT OF MONEY today and cannot borrow any more until Congress increases the debt limit.
Why they are not working on that, I do not know.
They SHOULD be furloughing everybody now, due to the inability to legally pay.
But hey- I guess there are more important things to work on .
Remember when Obama was President, and the republicans threatened to refuse to approve an increase in the debt limit?
I guess that only is fair game when Dems are in charge.
Re: OPM Updates Furlough and RIF Guidance
Yup, it's gov't employees and the G-fund... The U.S. should be thanking you...
There is no debt ceiling crisis, at least for now
There is no debt ceiling crisis, at least for now
Quote:
In essence, there are three funds the Treasury Department can work with to keep the U.S. from defaulting on its debts: the savings plan for federal employees, often called the G Fund; the Exchange Stabilization Fund that the government uses for its currency operations, and the Civil Service Retirement and Disability Fund, or the main pension fund for federal workers.
Re: OPM Updates Furlough and RIF Guidance
Quote:
Originally Posted by
James48843
Nobody is talking about the real issue TODAY- and that is that the DEBT LIMIT has been exceeded already, and there is NO LEGAL AUTHORIZATION TO CONTINUE TO WRITE RUBBER CHECKS.
https://www.treasury.gov/initiatives...debtlimit.aspx
Technically, the U.S. Government is OUT OF MONEY today and cannot borrow any more until Congress increases the debt limit.
Why they are not working on that, I do not know.
James,
We haven't hit the $20T ceiling quite yet, U.S. National Debt Clock : Real Time, but we are getting really close. I agree that congress needs to address, but is anything being done where you work to address or notify employees?
