Senate considering huge increase in FERS contribution

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From Politico:
“Lawmakers are looking to hike federal employees’ retirement contributions to 15.6 percent of their salary — compared with the 9.4 percent required in the initial version of the bill — while carving out an exemption for members of Congress and their staff, according to draft reconciliation text from the Senate Homeland Security and Governmental Affairs Committee that was obtained by POLITICO.”

I know that there was talk of raising rates for future hires, but this article does not limit it to them. Hopefully it was just unclear writing.

That future pension is worthless. You put all that money into the system only to have a heart attack and die at 64 years of age. The pensioner gets nothing, and the money put in to the FERS system is non-refundable to the estate.

The flipside is that you’re nasty ex partner who was married to you can come after your TSP but the FERS pension is safe. Looking back, my brother wishes he had had a pension rather than savings. She cleaned him all out.

That's also not true - FERS pensions are marital property. Where do you all get your information?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From Politico:
“Lawmakers are looking to hike federal employees’ retirement contributions to 15.6 percent of their salary — compared with the 9.4 percent required in the initial version of the bill — while carving out an exemption for members of Congress and their staff, according to draft reconciliation text from the Senate Homeland Security and Governmental Affairs Committee that was obtained by POLITICO.”

I know that there was talk of raising rates for future hires, but this article does not limit it to them. Hopefully it was just unclear writing.

That future pension is worthless. You put all that money into the system only to have a heart attack and die at 64 years of age. The pensioner gets nothing, and the money put in to the FERS system is non-refundable to the estate.

The flipside is that you’re nasty ex partner who was married to you can come after your TSP but the FERS pension is safe. Looking back, my brother wishes he had had a pension rather than savings. She cleaned him all out.

That's also not true - FERS pensions are marital property. Where do you all get your information?

Sure it’s marital property but your ex cant force you to withdraw and spend it all on multiple lawyers after firing all of the previous lawyers leaving you with nothing at retirement

[Anonymous]

OP, did you not know it was removed from the bill?