Really surprised nobody is signing the petition! I mean I guess we will all sit around on the internet and complain and not do anything about it!!!
I signed it.....
Really surprised nobody is signing the petition! I mean I guess we will all sit around on the internet and complain and not do anything about it!!!
As a Fed, I work 20 years and I get 20% of my pay. So when they cut you to 20% then you can call me and bitch. Until then please don't comment about things you don't know.
From what I've read there will be no grandfathering...... it will go into effect immediately upon the Presidents signature.
That's correct from my understanding. For example I'm 11 years inservice. I would begin receiving the TSP retirement for my remaining 9 years and then I would only receive 25% pension.
Same from what I've read. Everyone will have a mandatory TSP of 16% of their base pay with NO matching contribution from the DoD. The people that have been in for 5+ years are the only ones getting grandfathered and it will go 5+ years 1/4 of 50% at 20 years, 10+ years 1/2 of 50% at 20 years, 15+ years 3/4 of 50% at 20 years.
You know I was talking to my Grandma the other day about my Grandpa's care/expense now that he is in a home. She mentioned how back in WWII they were ALL being told that if you served (one tour or 20+ years), your medical would be payed for the rest of your life. Guess who is not getting ANY benefit from VA...
When you signed up for that job I can only assume you did so of your own free will and with full knowledge of what the pay and benefits were. (if you didn't that's YOUR fault) If you wanted a better retirement package YOU could have chosen a different line of work. Free will, free market and all that- perhaps you've heard of it?
Many of us signed up with the knowledge that we would get 50% at retirement. And now they want to change the rules..... if it's good enough for us then it's good enough for them.