The Treasury Department has announced it will no longer be able to fully invest in two federal employee retirement funds to avoid hitting the debt ceiling.
The government is once again about to reach the debt ceiling, and “extraordinary measures” would likely be used with federal employee benefits to offset it.
A new CBO report highlights improvements to the financial health of Social Security but remains pessimistic about its future overall.
Congress is looking for ways to reduce expenses. The $93 billion spent on federal retirement is a big target.
The CBO has issued its opinion on a bill that would pay bonuses to federal employees who report wasteful spending at their agencies.
The CBO has released an analysis of bills that would allow federal employees to make multiple withdrawals from their TSP accounts.
Federal benefits are generally better than benefits offered in the private sector. This accounts for much of the disparity between federal and private sector compensation according to the CBO.
The author suggests that the consequences of Social Security will arrive much sooner than the experts are predicting and says that we may actually have to repay the Trust Fund.
The Congressional Budget Office has published a list of 115 ways to reduce the federal deficit in the coming years. The author points out that the options which target the federal workforce generally offer smaller deficit reductions than other items on the list.
In response to a recent CBO report that recommends various cuts to federal employee benefits, the author advises federal workers not to panic about these recommendations and explains why he thinks they are unlikely to materialize.
