Will Your Pension Be Cut... Soon?
 

Congress reaches deal for $1.1 trillion U.S. spending bill | Reuters


It looks like it was pulled from the main part of the spending bill at the last minute and will be handled in separate vote as an amendment to the legislation!

A lot of harmful things done in this time left, before the power shifts.

This legislation has been passed, however in reading all the information that has been released I could not find any place that it would effect Representatives and Senators pensions

This, like almost every other monetary matter Congress and the administrations get their hands on and manipulate, could be stopped if term limits of one, single term of 3 or 6 years were put into place on Congress members, with no further runs for congressional office allowed. Their constant goal of getting re-elected and using our money to play Santa Claus to get votes needs to stop.

They need to be sent home after one term to work and earn and pay the bills like the rest of us do.

Term limits are good for the presidency, so why not have them for Congress, too!! Problem is, THEY would never vote that through.

Enlighten us and tell us what they are.

it has been and is currently eroded by the CONTINUING rise in health care costs annually.

The 1.7% increase in SS in January will not offset the rise in monthly premiums (again 2015) for medigap insurance. Ditto for the rising premiums for part D.

The real burden on the pension funds due to medical care cost increases will not be felt for at least another year. The impact of the ACA on those companies that have extended the age of student coverage and the adding to the insurance companies roles those with existing prior conditions. Just these two factors alone will drive up the amount of $$$ being paid out by these companies that they never had to before. The result will be increased prices to the insured to cover the additonal costs (reduced profits) of the insurance companies (that survive).

These actions will begin in 2016.....is that a convenient timing/date or not?

The above two do not come anywhere close to what will happen as those who are uninsured get added to the system. Their incidences and clamor for services is currently not even in the system. It will generate an increase in cost to the insurance companies that will dwarf the other costs.

So if "the government" reaches into our pockets it will just be an ADDITIONAL reduction of some of our fixed incomes!!!!

Even the staucnh die hard supporters will change their tune as the full impact of ACA hits the market place....because then it will be personal and they will be an invested party in the result. The increases do not recognize party loyalty ya know!

The staunch supporters are congressional members, staffers, and federal employees who will never be part of the ACA and therefore don't care

...and why would it affect Representatives or Senators pensions?

It really would have been a better idea to get uninsured citizens in a modified version of FEHB.

Watch CSPAN and read maybe you can get up to date. She's right, there are just too many to put in a Post here. Do your homework.

The OP stated that this was a bipartisan effort, so how would a "power shift" make any difference?

Boobytrapped issues left for the next bunch of people in power.

Originally Posted by graciegirl View Post
A lot of harmful things done in this time left, before the power shifts.

Originally Posted by Average Guy View Post
The OP stated that this was a bipartisan effort, so how would a "power shift" make any difference?

I agree with Average Guy in that this is objectively viewed as a bipartisan effort. I would like to see any factual basis for accusations of boobytrapped issues.

Well you're wrong....
 

I do care as a federal retiree. Why are you trying to speak for everyone when you don't know everyone? Are you just fanning the flames?

Well...the surprise amnesty ruling may be a good place to start.