New Wave of Attacks Continues with New Congress
We just posted last week about new Republican legislation aimed at Federal employee pensions. We just learned Republican Congressman Tom Rice (R-SC) introduced HR 1137 (PAID for Progress Act). This legislation would provide an 8.7% pay reduction for federal employees making more than $100,000 a year. This legislation would adversely affect approximately 400,000 professionals in federal service including doctors, law enforcement personnel, lawyers, scientists, top level human resources personnel, VA Nurses, and many more.
This legislation is being proposed on top of all previous legislation adversely affecting federal employees. By some estimations, employees could lose over 12-15% of their annual pay if all Republican legislation is enacted as written, as well as continuing future losses into retirement.
We repeatedly warned federal employees they need to pay attention to lawmakers that vote against their financial interests. Nevertheless, the same people who complain about their benefits being cut, sequestration, and furlough, continue to vote Republican. You get what you deserve.
Real-Time Status Update on HR 1137
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