May 18th, 2011
04:50 PM ET
4 years ago

Federal workers lash out at benefits cut

New York (CNNMoney) – Federal workers have a message for the White House: Keep your hands off my retirement benefits.

Already enduring a two-year pay freeze in the name of deficit reduction, federal employees are now facing cuts to their generous retirement packages - a possible outcome of bipartisan debt talks led by Vice president Joe Biden.

FULL STORY

Filed under: CNNMoney.com • Deficit • White House
soundoff (17 Responses)
  1. HAD ENOUGH? 9% unemployment, $4-5/gal gas, $1.7 TRILLION deficits, $14 TRILLION debt, Obamacare

    Officials from the National Active and Retired Federal Employees Association, the American Federation of Government Employees and National Treasury Employees Union told reporters Wednesday that cuts to pensions would affect recruiting efforts and demoralize the workforce.
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    We can only hope. Your numbers need to be slashed to save money. You are overpaid. I would strongly advise you get a real job with a real company. Also be advised you WILL have to actually do work there. reality bites.

    May 18, 2011 04:57 pm at 4:57 pm |
  2. Lost in Texas FOREVER

    come on now EVERYBODY must share equally this burden of making sacrafices for the economy......just look at what the wealthy are do........oops NEVER MIND!

    May 18, 2011 04:57 pm at 4:57 pm |
  3. Rudy NYC

    Despite the prevailing arguments, an R in the White House has meant ballonning deficits and debt. A D in the White House has meant hard times while fixing up the economic mess and getting things back in order. It has worked that way for over 100 years.

    How many of you have had raises and/or cuts in benefits over the past 3 years?

    May 18, 2011 04:58 pm at 4:58 pm |
  4. Dominican mama 4 Obama

    My 401k is just starting to bounce back. It was DECIMATED thanks to the previous administration's criminal negligence.
    Welcome to my world, and to the world of MILLIONS of Americans senior and middle-aged. I can't help but wonder why you should be insulated from experiencing some of the angst that we went and are still going through.
    Oh yeah, you're GOVERNMENT employees, I forgot.

    May 18, 2011 05:04 pm at 5:04 pm |
  5. kat

    They wanted the fool in office ! Well you won and now take your medicine. GOP 2012

    May 18, 2011 05:22 pm at 5:22 pm |
  6. T'sah from Virginia

    I am a county worker and haven't had a raise in three years PLUS got 2% taken away from my annual income. NEXT, they may hit our retirement also and it's NOT that glamorous – I guess we ALL have to sacrifice but DOGGONE IT – there's a LIMIT.

    What have the RICH done lately!!!???? Even though they CLAIM they pay more taxes – THAT is NOT necessarily true – they know ALL of the LOOPHOLES!!!

    May 18, 2011 05:33 pm at 5:33 pm |
  7. Rudy NYC

    They need to understand that their retirement benefits have suffered just like so many other pension and retirement funds across the nation. The funds lost a lot of money in 2008. The fund managers for the public pensions and retirements are having to make up the losses through tax revenue; an unforeseen outcome. In other words, you lost money in the stock market.

    May 18, 2011 05:36 pm at 5:36 pm |
  8. Bill

    Federal workers contribute 1 dollar for every fifteen dollars put into their pensions. Where do you think the rest comes from? Taxpayers. Make them pay their fair share just like they do in the private sector.

    May 18, 2011 05:38 pm at 5:38 pm |
  9. anagram_kid

    @HAD ENOUGH? Would you be willing to go to any gov't office and tell people to their faces that they don't have 'real jobs'? As someone who has worked on in both gov’t and the private sector I can tell you that both have their share of people who are underpaid and overpaid. If you are unhappy with your own financial standing, I suggest you acquire the education and skills needed to make more money. It is no one’s fault but you own if you don’t have everything you feel you deserve.

    May 18, 2011 05:39 pm at 5:39 pm |
  10. Dominican mama 4 Obama

    That's something else I like about this President. He is fair. Why should government employees enjoy raises and have their retirement fund kept intact when the ENTIRE country almost landed in the soup kitchen?
    So, no, no raises for you right off the bat, and your retirement fund is going to take a hit also.
    I've got one word for you gubmint workers: ADJUST.
    God knows the rest of us did.

    May 18, 2011 05:40 pm at 5:40 pm |
  11. concerned liberal

    @ dominican mama "That's something else I like about this President. He is fair."

    So you thought it was fair that he broke his campaign promise and extended tax breaks for the rich?

    News flash – Obama broke his word – next time vote for something other than republidemocart for a change – a real one this time. Let's break with the one party system.

    May 18, 2011 05:52 pm at 5:52 pm |
  12. Four and The Door

    T'sah from Virginia
    What have the RICH done lately!!!???? Even though they CLAIM they pay more taxes – THAT is NOT necessarily true – they know ALL of the LOOPHOLES!!!
    ___________________________________________________________________________________________________
    Until there is a simplified ( i.e., improved ) tax system, there will always be tax breaks to take advantage of. That's why they are created. The government uses tax incetives for many good things like charity, job creation and worthwhile investment. But the wealthy pay most of the individual tax revenues that the government collects. They pay a much higher percentage than people who earn less. Wealthy people are not all evil and many of them are very generous. Chill out.

    May 18, 2011 06:01 pm at 6:01 pm |
  13. GI Joe

    Cut Senate and Congressional pay and benefits. Make THEM pay. They make 3 times as much as the average American and they work one week (if you can call it working), and then take two weeks off.

    WE NEED TO DEMAN IT. Pay them for their accomplishments, not their titles.

    May 18, 2011 06:11 pm at 6:11 pm |
  14. B

    Everyone NOW blaming the President for these Slash and Burn CUTS the Republicans are demanding!

    Please do not forget people that it was on the Republicans watch with the Idiot Bush that drove the Surplus he inherited into the ditch with-unfunded wars- and no over site of anything for EIGHT long years and then handed a train wreck to Obama to fix !!

    Now Obama takes all of the heat for the incompetent Bush administration leadership .......... Outrageous

    May 18, 2011 06:19 pm at 6:19 pm |
  15. duke

    When do Republican backed programs start to Sacrifice?
    How about getting rid those (religious)school vouchers?they only benefit republican voting families?
    Or maybe cutting the un-needed tax subsidies to the oil company??

    May 18, 2011 06:36 pm at 6:36 pm |
  16. Yossi Gestetner

    Spare me the tears!!! Treasure for decades is raiding the pensions of Americans in form of using Social Security funds!!!

    There is NOTHING new and dramatic with using pensions of Americans. Stop crying you golden spoon Federal workers!

    May 18, 2011 07:17 pm at 7:17 pm |
  17. Once upon a horse

    @kat.......
    I think you got that mixed up..we got the FOOL out of office that helped get us into this mess. Your guys need to take their medicine and help clean this mess up and stop standing on the sidelines helping the upper 2% and offering no new ideas.

    May 18, 2011 08:41 pm at 8:41 pm |