Insight by NITP, Inc

What could happen? A discussion on the proposed Federal Pay Freeze and retirement changes

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Insight by NITP, Inc

June 4, 2018 – Host Bob Leins welcomes Mike Causey of Federal News Radio.

Federal Employees are anxious about the four proposals that the Office of Personnel Management recently sent to House Speaker Paul Ryan (R-Wis.), but were nowhere to be found in the House version of the National Defense Authorization Act, which lawmakers passed Thursday morning with a 351-66 vote, as reported by Federal News Radio. Read the full article here.

So what does this all mean? Should you be worried? What does this mean for your retirement planning?

Today’s discussion will focus on:

  • Plans to revamp the pay system and gut the retirement programs
  • How the current plan compares with past efforts of Carter, Reagan, and Clinton
  • The difference in the most recent proposal
  • The cost to workers/retirees
  • The savings to government
  • The odds of passage

 For questions or comments, email us in advance at ForYourBenefit@nitpinc.com