My COLA for 2014 is only 1.5 percent for my modest federal pension and for a couple years there, we weren’t getting any COLA. Not eligible for SS because my time was federal and even if I did eventually get my 40 quarters after working some crappy lowpaying job which is all that’s out there for most people, the Government Pension Offset would take 60 percent of it because the government doesn’t want us to double dip. Respectfully, why should I care about military vets - government is saying they’re double dipping.
“My COLA for 2014 is only 1.5 percent for my modest federal pension... Respectfully, why should I care about military vets - government is saying they’re double dipping.”
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I don’t know whether you left off a “/sarc” tag or not. If not, I’m sure that just as this subject legislation applies to ALL military members (both CURRENT and future) and retirees similar legislation needs to be passed to apply it to ALL current federal employees AND FEDERAL RETIREES. For federal retirees the 1% annual reduction in the yearly COLA should be applied for the first twenty years following the legislation’s enactment or the employee’s year of retirement (whichever is later). This 20 year 1% annual COLA reduction will be in addition to any other reduction that may apply.
Surely you’ll agree with this in the same spirit in which you have no care about our military retirees’ reductions. Write your congressman now and demand this. Hell, maybe it can be used to pay for an extension of unemployment benefits.
Not sure what to think. Obviously I don’t like the idea of a pension I am planning on changing. On the other hand, I do hear the old guys talking about retiring at 40 and getting a federal job to get two pensions.