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It's very simple. Federal employees do not receive raises based on the cost of living and haven't in decades. Their raises are based on the Emplyment Cost Index (ECI) which measures how much wages in the private sector have risen in the past year, not the Consumer Price Index (CPI) which measures inflation. And in fact, Congress and the President usually reduce it to less than the ECI.
If you want to try to compare apples to apples, then you should compare SS/SSI to federal retirees. And you no doubt will be happy to learn that federal retirees will not be receiving an increase in their monthly annuities this year because those "raises" are based on the CPI, just like Social Security.
It's a very simple system but I'll lay it out again:
Federal employees salaries rise in relation to private sector salaries.
Federal retirees monthly payments rise (or don't rise) using the exact same criteria as Social Security increases.
They are employeees not part of a trust . Much different thing.The system is the system and you can not rely on it one times to promote a 4.8% raise in COL and then want to ignore it when it drops or remains the same.Basacvailly the SS system is already facing financial problems as a trust of supplement to retirement.
Basacvailly the SS system is already facing financial problems as a trust of supplement to retirement.
Factually incorrect. Social Security is financially sound, has always been sound, will remain sound for at least 40 years, and need only minor tweaking beyond that.
Republicans and the Wall Street fraudsters peddle this nonsense to trick the public into accepting privatization.
If Wall Street, "Helicopter" Ben Bernanke, Timothy Geitner, Larry Summers, and Goldman Sachs ever get their dirty hands on the Social Security trust fund that money will disappear into the black hole of multi-million dollar bonuses, bogus derivatives, corporate fraud, and insider crooked dealing in the blinking of an eye.
Thank God for Social Security. It's all that sustains many of our seniors and disabled after their lifetime of hard work and sacrifice for the country and their families.
what really ticks me off is obama has given every drug addict a cell phone..now they call to have their drugs delivered when did it become govts job to provide phone service? if I was young today I would just live in a new condo,eat food ,and health care provided by the govt and if I needed a big screen tv I would sell drugs...its the new Americain way
Yeah, the initial bill usually neglects to include CSRS retirees, but an amendment is invariably added to other legislation to accomplish this. At least that's what has happened in the past.
Good point. I'm sure NARFE will be in their face about it.
what really ticks me off is obama has given every drug addict a cell phone..now they call to have their drugs delivered when did it become govts job to provide phone service?
If you really believe that, you probably won't believe this:
Q: Has the Obama administration started a program to use "taxpayer money" to give free cell phones to welfare recipients?
A: No. Low-income households have been eligible for discounted telephone service for more than a decade. But the program is funded by telecom companies, not by taxes, and the president has nothing to do with it.
But this is WAY off topic for the retirement forum.
what really ticks me off is obama has given every drug addict a cell phone..now they call to have their drugs delivered when did it become govts job to provide phone service? if I was young today I would just live in a new condo,eat food ,and health care provided by the govt and if I needed a big screen tv I would sell drugs...its the new Americain way
Let me guess: you received an e-mail in your inbox that had been fw:fw:fw:fw ad nauseum advising you of this "fact."
Wait...wait... you read it on the Internet so it must be true, right?
Do you always get ticked off by baseless urban legends?
Here's some advice for you: next time you read or hear about something completely ridiculous and idiotic, do some research before posting it so you don't make yourself look silly.
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