The National Active and Retired Federal Employees Association is gearing up for the deficit fight over Social Security and federal employees’ pensions. NARFE President Joseph Beaudoin issued a statement July 8 opposing a possible change to how Social Security cost-of-living adjustments are set.
Once the so-called chained Consumer Price Index (CPI) comes to Social Security, NARFE says, it’s just a hop, skip and a jump to federal pensions. This would make it even harder for retirees — who served their country for decades and are already living on tight incomes — to get by, Beaudoin said. Full text of his statement after the jump.
As part of a grand budget agreement, leaders in Washington are considering altering the way cost-of-living adjustments are calculated in Social Security, and the proposed threat could also apply to federal retirement annuities. On behalf of the nation’s retired federal employees, NARFE opposes lowering federal retirement annuities, which will make it even more difficult for these Americans who live on already-thin fixed incomes to get by in these tough times. Retired and active federal employees have served our country proudly and should not be singled out to bear the burden of fixing a budget problem they did not create.
July 12th, 2011 at 1:07 pm
…this is all a bunch of crap…a “magic” formula was already worked on my SS…inasmuch as I am called a “double dipper”!!!
Joe D. Says:
July 12th, 2011 at 6:59 pm
I can understand creating a new retirement system for the next generation but not reducing the pensions of existing retirees be they feds, social security recipients or others. The irony of all this is that the democrats will throw the feds under the bus before they do any thing with social security, medicare or medicaid…
July 12th, 2011 at 7:32 pm
NARF and AARP need to team up on this one! Remember power in numbers.
July 12th, 2011 at 8:46 pm
Might be a little late to say hands off Federal Retirees Pension fund. Evidently the US borrowed a whopping $214 BILLION from various federal pensions…this past May. The administration said we retirees should not worry..as they intend to pay the money back as soon as the debt ceiling is raised.
Does that make us all feel happy? The US has been running the country since May using Federal Retiree Pension Funds.