WASHINGTON –A new video from the American Federation of Government Employees illustrates how President Trump’s proposed budget would cut wages for current federal workers and slash federal retirement benefits for current and future retirees.
“It takes money out of your paycheck right now and cuts the benefits you were promised for retirement,” the narrator intones. “Most employees will be forced to pay nearly eight times more out of every paycheck for a worse pension benefit than you receive today.”
Specifically, the budget would:
The retirement cuts alone total about $149 billion over a decade, which would be on top of $182 billion in cuts to federal employees’ pay and benefits since 2010.
“President Trump’s budget continues this race to the bottom by penalizing the working-class people who serve and protect their fellow Americans,” AFGE National President J. David Cox Sr. said.
“And adding insult to injury, the money saved from cutting federal workers’ retirement would go toward a massive set of tax cuts to further enrich corporations and wealthy individuals.”
The video ends by asking current and retired federal workers to call their lawmakers and voice their opposition to budget cuts that threaten their financial security.