Results 1 to 6 of 6

Thread: 2019 Federal Budget

  1. #1

    Join Date
    Oct 2010
    Location
    Aiea, Hawaii
    Posts
    1,059

    Default 2019 Federal Budget

    https://www.federaltimes.com/managem...-and-benefits/

    The 2019 Presidential Budget is out. The following excerps were taken from the above FederalTimes article:

    "The 2019 presidential budget proposal includes a pay freeze for federal employees for the federal fiscal year, and documents the administration’s intention to rely more on “pay for performance” structures than the standard pay increase schedule."

    "Changes to federal employee retirement benefits include:



    • Increasing employee contributions to retirement by one percent per year until it reaches 50 percent
    • Elimination of the special retirement supplement
    • Elimination of FERS cost of living adjustments and reduction of civil service cost of living adjustments by 0.5 percent"


    Let the fun begin!!

    (and note MY retirement date below.)
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!


  2.  
  3. #2

    Join Date
    Apr 2005
    Posts
    13,683
    Blog Entries
    9

    Default Re: 2019 Federal Budget

    It’s even worse than the last time. Besides eliminating FERS supplement, and FERS colas, Trumps budget is proposing doing away with CSRS colas too. And doing away with FERS pensions altogether for new hires, AND increasing employee contributions, AND all kinds of new retirement cuts!

    Holy cow! It’s worse than ever. Read more here:

    https://federalnewsradio.com/your-mo...n-2019-budget/


    Sent from my iPhone using TSP Talk Forums

  4.  
  5. #3

    Join Date
    Apr 2005
    Posts
    13,683
    Blog Entries
    9

    Default 2019 Federal Budget

    Oh- and they rolled out the G fund change again too. G fund won’t earn any interest any more- it will be a near zero-interest tied to short term 90 day government interest rate. Today that is like 0.05% or something ridiculous.


    Sent from my iPhone using TSP Talk Forums

  6.  
  7. #4

    Join Date
    Oct 2010
    Location
    Aiea, Hawaii
    Posts
    1,059

    Default Re: 2019 Federal Budget

    Another part of the budget....
    Military gets a decent 2.6% raise, while FEDs get 0.0%! Go figure.

    Let’s hope there are still congressionals out there that can make a pitch for raise parity (remember that?).

    Oh well, I can root for my fellow feds, but I will not be getting anything anyway (see aforementioned retirement date).
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

  8.  
  9. #5

    Join Date
    Oct 2010
    Location
    Aiea, Hawaii
    Posts
    1,059

    Default Re: 2019 Federal Budget

    Quote Originally Posted by uscfanhawaii View Post
    https://www.federaltimes.com/managem...-and-benefits/

    The 2019 Presidential Budget is out. The following excerps were taken from the above FederalTimes article:

    "The 2019 presidential budget proposal includes a pay freeze for federal employees for the federal fiscal year, and documents the administration’s intention to rely more on “pay for performance” structures than the standard pay increase schedule."

    "Changes to federal employee retirement benefits include:

    • Increasing employee contributions to retirement by one percent per year until it reaches 50 percent
    • Elimination of the special retirement supplement
    • Elimination of FERS cost of living adjustments and reduction of civil service cost of living adjustments by 0.5 percent"



    Let the fun begin!!
    I think changes to the retirement rules will be hard to do. For one thing, these changes are big for the retirees/future retirees, but on the scale of impact to the federal deficit, it is pocket change. I don't think that the Congress would risk the political backlash for the small returns.


    The frozen pay is another thing.......lately Congress has been silent on the pay raises, leaving it up to the President. And if that happens again, Trump has already committed to 0%. I don't think he will back down from that.


    Just sayin'.
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

  10.  
  11. #6

    Default Re: 2019 Federal Budget

    Watch all my fellow border agents turn on him lickity split if it happens.

    I'd take it more serious if he was a lame duck.
    AH52

  12.  

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
2019 Federal Budget
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
2019 Federal Budget
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
2019 Federal Budget
(Stockcharts.com Real-time)
AGG (F Fund) (delayed)
2019 Federal Budget
(Stockcharts.com Real-time)