Reading this crap below is just what we ALL get from Washington. ALL elected congressman and senators should be removed as they get excellent health, we get crap, they get a very very nice pension and we get a joke called "Social Security".
Read it below and get off your collective lazy ass and do something.
Read it below and get off your collective lazy ass and do something.
House Democrats introduced legislation this week to increase annual cost-of-living adjustments for most federal employees, a possible sign they'll push for this kind of change once they control the House next year.
Rep. Gerry Connolly, D-Va., introduced the Equal COLA act along with three other Democrats.
The bill would equalize cost-of-living adjustments for two retirement systems. The first is the Civil Service Retirement System, or CSRS, which was created in 1920 and has been referred to as "golden handcuffs" because of the sizable benefits it offers to federal workers who stay on the job for decades.
Starting in 1987, federal workers were required to sign up to a replacement plan, the Federal Employees Retirement System, or FERS. That plan is stingier in several respects, including when it comes to cost-of-living adjustments.
Connolly's bill would make COLA adjustments under FERS just as big as they are under CSRS, a change he says it needed to protect the later generations of federal employees.
"Over time, we now realize that this two-tiered system fails to protect FERS retirees who are living on a fixed income," Connolly said this week. "This legislation will rectify this unfair system and ensure these dedicated public servants are protected throughout their retirement."
Connolly used COLA adjustments planned for next year as an example. He said starting in January, CSRS legacy workers will get a 2.8 percent COLA, but FERS employees will only get a 2.0 percent hike.
A major group representing retired federal workers, the National Active and Retired Federal Employees Association, said Connolly's bill is a "common sense policy that will allow FERS annuities to keep up with inflation."
Democrats Jamie Raskin of Maryland, Don Beyer of Virginia, and Eleanor Holmes Norton of Washington, D.C., joined with Connolly to sponsor the bill. All four have significant numbers of federal workers in their districts.
Remember, You liberals voted them in, now you get to pay for this crap, enjoy the ride.
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