AFGE Urges Congress to Avoid Government Shutdown
September 18, 2023
AFGE is urging members of Congress not to repeat the same mistakes they made a few years ago.
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An AFGE-backed bill has been introduced in the House to protect federal retirees’ retirement income by standardizing the cost-of-living adjustment.
Currently, there has been an unfair disparity between the COLA received by federal retirees under the old retirement system – the Civil Service Retirement System – and the new system – the Federal Employee Retirement System, which covers employees hired after 1983.
CSRS retirees receive a COLA equal to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). But FERS retirees’ COLA is capped at 2% if the CPI-W is between 2-3%. FERS retirees also receive 1 full percentage point less if the CPI-W is more than 3%.
H.R. 866, introduced by Rep. Gerry Connolly, D-Va., would make the COLA for both CSRS and FERS equivalent to CPI-W. The Equal COLA Act currently has 13 co-sponsors.
“This two-tiered system fails to protect FERS retirees who are living on a fixed income,” Connolly said. “This legislation will rectify this unfair system and ensure these dedicated public servants are protected throughout their retirement.”
AFGE is urging members of Congress not to repeat the same mistakes they made a few years ago.
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A week of Veteran Employee Recognition activities is held at the John D. Dingell VA Medical Center.
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The seventh episode of AFGE’s new series, The Activist, highlighting our union members who have stepped up to help make a difference in the lives of their colleagues and our government.
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