AFGE is urging Congress to pass a bill that would give retirees, including federal retirees, a 3.9% increase in their cost-of-living adjustment (COLA) next year.
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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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Thanks to years of hard work by AFGE activists, the Senate and the House this week passed a bill that would eliminate a 10% early withdrawal penalty for federal law enforcement officers when they retire after age 50. The bill, which applies to those retiring after Dec. 31, 2015, will now go to President Obama for his signature.
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AFGE law enforcement members have fought for this for the past several years, and today we're happy to report that the Senate on Thursday passed a bill that would eliminate a 10% early withdrawal penalty for federal law enforcement officers when they retire after age 50.This would never have happened if it wasn’t for our efforts.
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What should a 21st century civil service look like? Not what’s happening to the federal workforce right now: pay cuts, furloughs, shutdowns, testified AFGE President J. David Cox Sr. before a Senate subcommittee on regulatory affairs and federal management on 21st Century Ideas for the 20th Century Federal Civil Service.
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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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The House of Representatives this week voted to approve a funding bill that would make it harder for you to work and retire with dignity.
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Both Houses of Congress this week issued their budget proposals for fiscal year 2016. Who are they going to help and who are they going to hurt? Find out below and click the pictures to share them on your Facebook profile
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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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The Defense Department is planning to cut pay and pensions of commissary workers, as recommended by the Military Compensation and Retirement Modernization Commission.
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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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Many federal employees are not taking full advantage of the federal government’s matching contribution to their Thrift Savings Plan (TSP) accounts, said Larry Fink, chairman and CEO of BlackRock, which manages four of the TSP’s five individual funds.
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Rep. Paul Ryan of Wisconsin and Rep. Darrell Issa of California are asking the Congressional Budget Office (CBO) to prepare a report discussing long-term savings from their proposed cuts to federal employees’ retirement benefits.
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AFGE, Social Security Works and the Alliance for Retired Americans on Thursday submitted half a million signatures of people who demand that Social Security offices remain open in local communities across the country. In total, four rallies took place across the country in Columbus, Ohio, New York, Oakland, Calif. and Washington, D.C.
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