{"id":25505,"date":"2011-07-01T07:22:14","date_gmt":"2011-07-01T11:22:14","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=25505"},"modified":"2011-07-01T07:33:21","modified_gmt":"2011-07-01T11:33:21","slug":"congress-to-overhaul-federal-retirement-pay","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=25505","title":{"rendered":"Congress to overhaul Federal retirement pay"},"content":{"rendered":"

Don’t be ridiculous – they’re not overhauling ALL Federal retirement, just military retirement pay. You didn’t expect them to cut the retirement of those fat Federal bureaucrats, did you? Stars & Stripes<\/a> writes;<\/p>\n

One cut would annually lower the calculated cost-of-living adjustment by an average of one-quarter of a percentage point, which could apply to military and federal civilian retirees, disabled veterans and survivors.<\/p><\/blockquote>\n

OK, maybe a little bit it applies to federal employees, but you can bet that Congress’ retirement won’t be affected. If they REALLY want to save money, and since they can make any changes to retirement that they want to change, they should do away with retirement for members of Congress. <\/p>\n

I’m sure the founding fathers would be majorly upset that there’s a retirement plan for Congress since they never intended for public elected service to be a career.<\/p>\n

Do away with Congress’ retirement and we wouldn’t have to institute term limits – they’d limit their terms themselves. <\/p>\n

The second option involves replacing the current system in which a servicemember is eligible for benefits after 20 years of service with a new plan that could provide some retirement benefits for as few as five years of service — with payments not starting until at least age 60 for any servicemembers who do not retire on a full military disability, the article said.<\/p><\/blockquote>\n

So you’d have to wait until you’re 60 to get your retirement benefit – and by that time, your purchasing power would be eaten away by about 20 years of inflation. <\/p>\n","protected":false},"excerpt":{"rendered":"

Don’t be ridiculous – they’re not overhauling ALL Federal retirement, just military retirement pay. You didn’t … Congress to overhaul Federal retirement pay<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89,5,118],"tags":[],"class_list":["post-25505","post","type-post","status-publish","format-standard","hentry","category-congress-sucks","category-politics","category-veterans-issues"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/25505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25505"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/25505\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}