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  1. #1
    Atomic Punk
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    12.11.17 @ 04:37 PM
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    Default Congressional Budget Office suggests 10% reduction in government workforce...

    Forcing agencies to make only one new hire for every three workers leaving and trimming the federal workforce by 10 percent is just one of the new cost- cutting suggestions from the Congressional Budget Office.

    In its latest report, CBO has outlined a series of deficit reducing changes for federal employees that could save $100 billion over the next decade.

    Retirement benefits for federal employees are also on the table. The CBO report suggests an alternative pension benefit calculation for both civilian and military retirees.

    Under the current system, a civilian retiree's annuity is based on the average of the three highest consecutive years of earnings, while the military considers a retiree's annuity based on the average of his or her 36 months of highest earnings.

    If CBO's proposal was implemented, civilian retirement would be based on a five- year average instead, and military retirees would have their annuities based on a 60-month highest earning average. The change, if carried out, would have a 10- year savings of $3.1 billion, according to the report.

    In fiscal year 2013, the government paid $75 billion in pension benefits to civilian retirees and their survivors, and $55 billion to military retirees and their survivors.

    CBO also advises that the government could save $49.4 billion in 10 years reducing the size of the federal workforce through attrition. In FY 2013, CBO estimated that the government had 2.1 million civilian employees, not counting workers at the Postal Service.

    The proposal outlined in the report would reduce the size of the federal workforce by about 10 percent if select agencies could only make one new hire for every three vacancies. CBO noted that two-thirds of agencies would be exempt from the attrition, but would result in an overall reduction of more than 70,000 employees. Agencies would not be allowed to hire contractors to make up for the reduction in employees.

    http://www.federalnewsradio.com/?nid=204&sid=3751147
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  2. #2
    Forum Frontman It's Mike's Avatar
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    12.17.17 @ 06:12 AM
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    Default

    average 5 year highest is pretty standard up here when calculating pension benefits. Pretty sensible change.

  3. #3
    Master Bluesman Elwood P.'s Avatar
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    12.17.17 @ 06:00 AM
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    Money to be saved there, sure. But it also misses an important point. We'll still be shelling out Billions in foreign aid. If you're gonna cut American workers/Military pay/benefits, how about a corresponding cut in foreign aid. Just a thought.
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  4. #4
    Atomic Punk Dave's Dreidel's Avatar
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    12.17.17 @ 06:08 AM
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    I know it gets people riled up, but the amount we spend in foreign aid makes up barely more than nothing of our annual outlay. The 3.5 Billion we send to Israel every year (our largest) and to other South American, Middle Eastern and African countries makes up very little. It sounds like a big number, but when you consider the 3.5 trillion we spend a year, its potato chips.

    Defense spending, Social Security, Medicare. You either have to cut expenses in one of those three areas, or what you are doing is about as effective as peeing into an hurricane.
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  6. #5
    Master Bluesman Elwood P.'s Avatar
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    12.17.17 @ 06:00 AM
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    It's the principle of the thing, Dave. The principle.
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  7. #6
    Atomic Punk lovemachine97(Version 2)'s Avatar
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    12.16.17 @ 11:38 PM
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    Ah, but if the recent rhetoric of my educated, liberal friends is to be believed, this change, if implemented, would be racist on its face.

    You see, government is an important employer of Blacks, as there is less discrimination in hiring and pay when it comes to government jobs. Any cut, therefore, is an attack on Blacks specifically, and therefore racist.

    I am truly enjoying this shift towards the idea that any non-liberal position is somehow racist. Makes it easier to demonize your opponent, I suppose.

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