Reply to Do you feel confident in the long-term sustainability of the federal pension program?

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Reply to "Do you feel confident in the long-term sustainability of the federal pension program?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No, OP us incorrect. FERS is a combination of your contributions and employer contributions, invested in Treasury bonds. It's not in the stock market. [/quote]

Thanks. Good to know.[/quote]

This information is readily available, which makes me think posts like OP's are in bad faith - either to rile people up, or to create doubt so it looks like "well at least we kept that" when the administration does other harmful things.

So to be clear: FERS pension is funded from your paycheck, and it is not in the stock market. The fund where it is kept is not projected to run out, ever, despite some liability from the CSRS era that FERS is subsidizing. So suggesting the government might simply refuse to pay out is the same level of seriousness as saying you think they might confiscate your bank account or retract past employer contributions to your TSP. It's not something you say lightly, like "oh, you know how this administration hates feds."

Now could they screw with COL adjustments, or change the contribution rules going forward? Yes, that is possible. Unions do a lot of work on this kind of thing, so if you are a union member you can ask what they've done recently and they'll be happy to tell you.[/quote]

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