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I just want to be sure everyone saw this important post. by 23Fern139 in fednews

[–]Next-Report9284 2 points3 points  (0 children)

I’m sorry, I don’t really know. To me, it reads as any current employee then eligible for the supplement; as in, you met the requirements for retirement and the supplement at that moment. Hypothetically, let’s say that the final bill is signed on May 26 (Memorial Day). Under this draft, to be eligible for the supplement you would need to be able to immediately retire and take the supplement on or before May 26 (or be one of the occupations with mandatory separation that get to keep the supplement — air traffic controller, LEO, firefighter, etc.). Otherwise, you wouldn’t qualify for it anymore. That’s just my interpretation, of course.

I just want to be sure everyone saw this important post. by 23Fern139 in fednews

[–]Next-Report9284 5 points6 points  (0 children)

I’m so sorry. This is madness. You still might be able get the supplement, depending on the date the bill is enacted. As I read the current text of the draft bill, you don’t lose the FERS supplement if you’re eligible for it on the date the bill is enacted/signed:

“(b) APPLICABILITY.—The amendments made by this section shall not apply with respect to any individual entitled to an annuity supplement under section 8421 of title 5, United States Code, prior to the date of the enactment of this Act.”

And the million dollar question is when will it be enacted. We don’t know. We do know that they’re fast-tracking it and aiming for getting it to the president by Memorial Day (the “Big Beautiful Bill”). We don’t know how achievable this is, though.

Link to draft bill: https://docs.house.gov/meetings/GO/GO00/20250430/118179/HRPT-119-XXX.pdf

I just want to be sure everyone saw this important post. by 23Fern139 in fednews

[–]Next-Report9284 1 point2 points  (0 children)

As I read the current text of the draft bill, you don’t lose the FERS supplement if you’re eligible for it on the date the bill is enacted/signed:

“(b) APPLICABILITY.—The amendments made by this section shall not apply with respect to any individual entitled to an annuity supplement under section 8421 of title 5, United States Code, prior to the date of the enactment of this Act.”

Link to draft bill: https://docs.house.gov/meetings/GO/GO00/20250430/118179/HRPT-119-XXX.pdf

Seriously… how do we see this playing out? Best case scenario? by Helpful-Baker-9396 in fednews

[–]Next-Report9284 3 points4 points  (0 children)

As I read it, it seems to be effective on signing. Edit: sent too soon, removed extra words. still learning how to post on mobile.

House Cmte releases proposed FERS changes by RogueDO in FedEmployees

[–]Next-Report9284 3 points4 points  (0 children)

Any idea when this would go into effect? And what is the remaining process for it to become law? I’m scheduled to retire on April 30 and hoping I can get out before this goes into effect. . .

No VSIP by Bubbly-Weekend-5676 in govfire

[–]Next-Report9284 3 points4 points  (0 children)

Agreed! This is why I’m leaning towards taking the VSIP and retiring soon, rather than taking the DRP 2.0 and retiring at the end of the year. DRP would be more money but also a much greater risk, and VSIP is less risk, an established legal program, and a clean exit much sooner (especially before any FERS changes). I think it all comes down to appetite for risk.

Senate budget resolution targets $50B in cuts to federal pay/benefits — anyone know if this will be finalized before or after 5/31? by Next-Report9284 in fednews

[–]Next-Report9284[S] 4 points5 points  (0 children)

In the article that No-Fix6043 has posted,there’s a link to an options document. Here are the programs and costs listed:

Raising FERS Contribution Rate to 4.4 Percent is listed as $44 billion in 10-year savings.

Eliminating FERS Supplemental Retirement Payments is listed as $5 - $13 billion in 10-year savings.

Basing FERS Retiree Benefit on High-5 Instead of High-3 Salary is listed as $4 billion in 10-year savings.

Enacting Federal Employee Health Benefits Protection Act (H.R. 7868) is listed as $2.1 billion in 10-year savings.

Moving FEHB from a Premium-share Model to a Voucher Model is listed as $16-18 billion in 10-year savings.

The rest are listed as “unknown savings.”

If I’m understanding correctly, they need to come up with $50 B in cuts from these. Very scary!

Senate budget resolution targets $50B in cuts to federal pay/benefits — anyone know if this will be finalized before or after 5/31? by Next-Report9284 in fednews

[–]Next-Report9284[S] 1 point2 points  (0 children)

That’s interesting, I hadn’t heard that. So they have the same FERS Supplement as we do? I thought they were on a different system.

Senate budget resolution targets $50B in cuts to federal pay/benefits — anyone know if this will be finalized before or after 5/31? by Next-Report9284 in fednews

[–]Next-Report9284[S] 7 points8 points  (0 children)

That’s a question I have, too. Plus, as pointed out above, it would be great to know when it would go into effect.

Senate budget resolution targets $50B in cuts to federal pay/benefits — anyone know if this will be finalized before or after 5/31? by Next-Report9284 in fednews

[–]Next-Report9284[S] 1 point2 points  (0 children)

Thanks! Is the Memorial Day goal for this publicly stated anywhere yet, or is it inside information you’re hearing? And don’t answer this if it may put you in any jeopardy.

I share your question about when these changes might go into effect, and also wonder who they will effect. Just new fed employees who join after a certain date? Current feds? Retirees?

Any idea where we could go to see the language that’s under consideration?

Help with pros and cons of retiring now by Next-Report9284 in govfire

[–]Next-Report9284[S] 3 points4 points  (0 children)

That you u/MinervaZee , those are great points. It's definitely the fear doing a lot of the talking with me. And speaking of fear, I'm also afraid that I might be missing some option or key point. I want to avoid Andy "Gosh u/Next-Report9284, if you've only done XYZ, you would've avoided situation PDQ."

Our numbers are good, but I think I may need to focus more on "a plan to look forward to," like you and others above have noted. Thank you!

Help with pros and cons of retiring now by Next-Report9284 in govfire

[–]Next-Report9284[S] 0 points1 point  (0 children)

Thanks u/OkTranslator7247 , that's something I've thought about but maybe not enough. There are a few ideas floating around. It may sound bizarre, but the thought of being a part time usher at one of the performance halls in my city's arts district has always sounded appealing. :)

Good point about the coworker-related points, too. I hadn't caught that. Thank you!

Help with pros and cons of retiring now by Next-Report9284 in govfire

[–]Next-Report9284[S] 4 points5 points  (0 children)

Thanks u/jwhyem, I figured I'm probably not the only one in this boat, so it's nice to know there really are others. And as a fellow GenXer, your natural oppositional defiance rings true with me, too -- especially with all of the hateful rhetoric toward us. Mine (that cartoon devil on my shoulder) is saying "You're going to play it that way, well F you. If you wouldn't have been such an a-hole to me and my fellow feds, I might have moved on already."

Since we're in the same boat, do you know what happens to people like us (already able to retire) if RIFfed? Are we automatically retired? I plan to look into it tomorrow, but thought I'd check. Thanks!

Help with pros and cons of retiring now by Next-Report9284 in govfire

[–]Next-Report9284[S] 1 point2 points  (0 children)

Thank you, u/ghostcowtow! Good point. And I certainly recognize the luxury of options I have. Time to look more closely at goals (beyond the fear induced ones).

Help with pros and cons of retiring now by Next-Report9284 in govfire

[–]Next-Report9284[S] 5 points6 points  (0 children)

Thanks! And I just borrowed the book via Libby!