Posted on 12/16/2010 9:47:45 AM PST by rabscuttle385
(snip)
...but federal staffers, along with millions of state and local public employees, won't get the tax holiday included in legislation that jumped a procedural hurdle in the Senate on Monday.
At the same time, those federal workers, the ones covered by the Civil Service Retirement System, are facing a two-year pay freeze, as are most government employees.
(snip)
The result: About 426,000 federal workers covered by CSRS would pay more in taxes next year, while most Americans pay less.
That doesn't sound fair to Joseph A. Beaudoin, president of the National Active and Retired Federal Employees Association. "Offering relief to all workers - both retirees of the private or public sectors - is a matter of equity," he said in a letter to senators.
(Excerpt) Read more at washingtonpost.com ...
They can all piss up a rope.
Well, I am covered by CSRS, and I have no problem with this. We have done quite well under CSRS. It was a remarkably generous retirement program.
FERS covers the overwhelming majority of federal employees. They pay Social Security.
I’m not positive, but I believe most federal employees are now under the FERS retirement system (since the 1980s?). The CSRS is the old system, and I would guess it was defined benefit, and covers people hired before the system change. FERS people *do* contribute to SS (and have a defined contribution plan like a 401k).
Just trying to clarify a little info here, we know how accurate the press aims to be. ;)
They can all piss up a rope......
Into the wind with a surface temp of about 6 degrees & a wind speed of about 20 mph.
Ha! I’m too slow! Thanks. :)
At the same time, I am a Fed and even I get sick and tired of the whining. Some of these folks see their jobs as an entitlement and whine like children when anyone gets anything more than they do. So we had a pay freeze - boo, effin' hoo! I consider myself damn lucky to have a job and am GLAD I didn't get a raise. I'm doing fine - there are people out there - good people who have worked hard - who don't know if they can pay next month's rent. Some of these folks need to get a life!
Marie, muawiyah is correct, CSRS was terminated in 1987 and all new federal employees were hired under the FERS system. FERS is a combination of individuals paying FULL social security deduction and contributing upto 10% of their salary to the Thrift Savings Plan, which is the federal version of a 401K plan.
"That doesn't sound fair to Joseph A. Beaudoin, president of the National Active and Retired Federal Employees Association. "Offering relief to all workers - both retirees of the private or public sectors - is a matter of equity," he said in a letter to senators."
Mr Joseph, I think this falls in the "tough shit" category if I am not mistakien. The rest of us are FORCED to pay into the protection racket known as "Socialist Security"...
It’s not fair. WAH!!! I didn’t get the tax break for the child tax credit, because my children are over 17. I’m being discriminated against. Where do I sign up to whine, complain, sue, and generally make a nuisance of myself? Where’s my union rep for people whose kids got older? There should be legislation. I’m calling my congresscritter. Everyone who has kids should get the tax credit, regardless of their age. /s
Is your SS payment a tax that is used to fund current spending or a contribution into some sort of pension plan? If you believe it is contribution then you should side with the gov workers since the gov workers are seeing their pension contribution increase while yours is going down.
However if you see SS as a tax that does not invest you in a pension then you should tell the gov workers to shut up since they are funding a real pension and real pension contributions do not present a reduction in income.
A lot of state programs are even more generous.
Then none of those state programs will be more generous than the old CSRS, or even the current FERS program!
The states I monitor suck. Cut-backs, furloughs, hiring freezes....their staff are begging for jobs in the federal agencies.
I was hired under FERS, and I will never complain about my job. I get a regular paycheck, insurance, TSP, parking, subsidized mass transit........I work my ass off, but its worth it.
GOVERNMENT WORKERS DO NOT PAY TAXES!
Their pay is made with taxes collected from the private sector. Any deduction from their pay is simply government taking back taxpayer moneys to create the illusion of taxes.
Oh yeah real funny. Just less money going into the economy. This is not conservative behavior cheerleading for people to pay more taxes. How tragic people on here have become.
I appreciate you. Wish more of our “public servants” had your atttitude.
I’m a Fed too and get sick of the whinning. No one at my site has complained, most employees here would give up a raise to secure more for the military employees.
I am grateful, I love my job and work my tail off. I’d love to know just who amoung the ranks IS complaining though.
CSRS is a defined benefit pension plan. The Feds who are complaining aren't paying taxes; they're paying into their own defined benefit pension plan.
Your right but there is a huge group that does pay SS taxes from 1987 on.
Government workers don’t PAY taxes, anyway. They GET taxes.
Uh...only federal workers are "allowed" to have privatized SS. We low life tax slaves can only do as we're told.
Why is it so bad if we get thrown an extra piece of bread this year? We've been working very, very hard. Has this man no compassion for the poor?
If this does become law, this worker here will be bumping up his 401(k) contribution by 2½ percent - the two percent on the payroll deduction, plus another half percent from the tax deduction savings on the first 2 percent. People should realize that there isn't going to be any social security 30 years from now.
These PANSIES don’t pay the tax, so why should they get a cut? At least THEIR retirement systems is solvent, not a Ponzi scheme. The “Civil Service” system should be rolled into our Social Security system, to help fund it. Cry babies all!
i’ll defend him.
The payroll tax break isn’t about the payroll tax, or social security in general. It was simply a MECHANISM to give every worker a “stimulus”, like previous $800 checks, or Obama’s $800 payment that showed up as $4 a week less withholding.
If the goal was to give every worker some stimulus money, why should people who don’t pay social security be left out?
Their retirement plan is a caddy plan.
While most of us were stuck with SS and maybe a company pension if we were lucky...many of those pension health plans are tied to Medicare for the health ins part.
We didn’t see a SS COLA raise this year, won’t see one next year, Medicare A/B premium is up for 2011 (only fair), some seniors will pay an additional $12 fee to Medicare for Part D, which they DON’T have, but those that do have part D will not see that fee hike. Retired Military had no COLA last year and will see none in 2011.
Military who are UNDER PAID will see a cheesy 1.9% pay raise, because their health care cost TO MUCH.
Many private sector workers haven’t see pay raises in 2 years, many have seen pay CUTS just to keep a job.
These are whiny cry babies.
So do I; so do I! Thanks!
I am sorry but you are misinformed. The old Civil Service System is not solvent and is an enormous UNFUNDED liability of the government. If any corporation funded their pension at the low level the feds do, they would be in jail. Rolling the Civil Service System into Social Security would result in an earlier failure of the Social Security System - Social Security still collects taxes from most American workers. The CSRS only collects from 426,000 workers (a number which is getting lower every day, since no one new is joining CSRS (by law) and plenty of people are retiring).
Benefit payments under CSRS are about $70 billion a year and rising. Payments by workers into CSRS are around $2 billion a year and falling. So rolling CSRS into Social Security would result in a net loss of $68 billion a year for the Social Security Trust Fund.
Getting fed workers' contributions to go into Social Security to help fund it was the reason the Greenspan Commission came up with the new retirement system (FERS) back in 1983.
I came to work on December 30, 1983 - the last day one could start with the goverment and be convered by CSRS. When given the opportunity, I switched to the new system (which included Social Security coverage). I had done the research, knew the CSRS would fail about the same time as Social Security and figured when push came to shove, the public wouldn't protest cutting off federal pensions but there was no way they would end payments under Social Security.
I work with one of those CSRS participants and her entire day is filled with working hard at hardly working.
She is always the first one to complain when a little extra money has to come out of her pocket, as well as the first one to complain when she can’t get a free hand out.
I’ll be happy to see her go when she retires.
I understand that my tax paying dollars are funding my employment but at the same time, I have a real beef with people like her who give the rest of the country the impression that ALL FED employees are shiftless, lazy and whinny.
You and me both Neets.
How ya doin dude?
Not too bad for an old guy ;-). You doin’ well?
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