House passes budget that targets feds’ retirement, health benefits
- By FederalSoup Staff
- Oct 05, 2017
The House on Thursday passed a fiscal year 2018 budget resolution that will make cuts to federal employees’ and retirees’ retirement and health benefits.
The House of Representatives approved (H.Con. Res. 71) by a vote of 219 to 206. The resolution calls for the House Oversight and Government Reform Committee, which oversees federal compensation and retirement programs, to cut $32 billion over the next 10 years, which specifically targets retirement and health benefits of federal and postal workers and retirees, as these benefits are the only substantial mandatory spending under OGR’s jurisdiction.
“This budget resolution was touted as setting the stage for tax changes that will provide a break to hard-working, middle class Americans,” National Active and Retired Federal Employees Association President Richard G. Thissen said in a statement in response to the resolution’s passage. “In reality, it sets the stage for broken promises, lower paychecks, and less retirement and health security for hard-working, middle class public servants,” he added.
Thissen continued, “The policies required to meet that target range from bad to worse—from imposing a ‘retirement tax’ on these workers by raising payroll contributions toward retirement without any benefit increase, to dramatically reducing the value of federal pensions for those nearing, or even in, retirement.“