A resolution introduced in the House would offer a number of protections for federal employees, not the least of which would be to prevent any increases in the amount that feds would have to contribute towards their retirement benefits.
Just how bad are the Postal Service’s losses? According to a real-time loss counter on Senator Tom Carper’s (D-DE) Web site, they are mounting by the thousands every second and amount to $25 million per day.
Senator Daniel Akaka (D-HI) has introduced legislation that would encourage federal workers to save at least five percent of their pay in the Thrift Savings Plan.
The House voted Thursday to pass the Sequester Replacement Reconciliation Act by a vote of 218-199. The legislation is one that would require additional contributions from federal workers towards their retirement plans.
The House Budget Committee has approved a measure that would increase pension contribution amounts for federal employees.
The TSP recently released the results of its participant survey conducted in October of 2011.
In a speech in Manchester, NH this week, GOP presidential candidate Mitt Romney said that it is fundamentally unfair that federal employees enjoy better pay and benefits than the workers they serve in the private sector.
The House Oversight and Government Reform Committee on Thursday advanced legislation that would require federal employees to have to pay 5 percent more of their salaries towards their retirement benefits beginning in 2013 and phased in over five years.
Congressman Dennis Ross (R-FL) has introduced legislation in response to the GSA conference spending scandal that aims to “bring federal travel budgets back to reality.”
Rep. Kevin Yoder (R-KS) has introduced legislation that would cut pay of members of Congress by five percent and also eliminate future cost of living adjustments.