Reply to FERS pension contribution increase

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This will get challenged if it passes. Your pay can't get decreased, and this is a decrease in pay because you're required to participate in the retirement system (as compared to benefits like health insurance, which are optional). [/quote]

Why do you say your pay can’t decrease?

If you work for company A earning 100k and they tell you stating tomorrow, you will earn 95.6K, that is completely legal (absent a contract or something else specific).

You can either choose to work for 95.6k going forward, or you can quit.

Is there something specific about government employment that prohibits this?[/quote]

DP. There are different rules about pension vs salary. It's the same in public and private sector, so not something that special with government employment. Salary is an agreement going forward to provide labor at a specific rate. Either side can walk away. As PP mentions, pensions are deferred compensation for past work. Companies aren't allowed to just zero out previously promised pension obligations. Otherwise it would be the first cost cut that every corporate raider would do upon acquisition. [/quote]

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