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Tapping into G Fund Is Immoral

September 10, 2015

The Federal Thrift Savings Plan (TSP) is an important part of the retirement system for federal employees and retirees. For some in the military, this may be their only retirement savings. 

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Categories: Retirement

DeCA Local Reaches out to California Lawmaker

May 15, 2015

AFGE Local 63 in California recently met with Daniel Hazard, field director for Rep. Susan Davis, to discuss pressing issues that hurt Defense Commissary Agency employees and military families. The local reported that Director Hazard was receptive to the local’s concern about the merger of the DeCA and AAFES and the increase in employee contribution from 0.8% to 6.35% to the retirement system.

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Categories: DoD , Retirement

Government Tapping into Federal Employee Pensions

March 20, 2015

As the government approaches debt ceiling of $18.1 trillion on Monday, federal employees’ pensions once again are helping to forestall a government funding crisis. The Treasury Department will suspend investments into the trust fund that holds the assets of the federal employees' retirement systems.

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Categories: Retirement

This Bill Will Rob You of Your Retirement

March 05, 2015

In a renewed attempt to scapegoat public service employees for the financial crisis Wall Street created, Rep. Bruce Westerman of Arkansas this week introduced legislation that would amend the federal employee pension system to base their pension on the highest five years of salary, instead of the highest three years.

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