Retirement Benefits Congress

Federal Employees: Pension COLAs And Pay Adjustments Since 1969
Federal employees, Cost of Living Adjustments, COLAs, pensions, retirement, benefits, Congress Comments Suggested Citation Isaacs, K. P. (2010).Federal employees: Pension COLAs and pay adjustments since 1969. Washington, DC: Congressional Research Service. ... Access Doc

Order Code RS20797 Updated January 22, 2002 CRS Report For ...
In the 106th Congress, the Railroad Retirement and Survivors’ Improvement Act of 2000 (H.R. 4844) wasbased on this agreement. Unreduced Retirement Benefits at Age 60 with 30 Years of Employment. Under current law, the tier I benefits for early retirees are permanently ... Doc Viewer

Social Security Disability Insurance (SSDI): The Five-Month ...
Retirement age, and (5) a five-month waiting period from disability-onset. In implementing the five-month waiting period for SSDI benefits, Congress sought to set a time frame that would be long enough for a short-term injury or illness to be corrected, but would also ...

Schilling Testifies in Support of the Congressional Retirement Age Act

On January 25, 2012 Congressman Bobby Schilling (IL-17) and a number of his colleagues testified before the House Committee on Oversight and Government Reform in support of reforming congressional pensions at a hearing titled "Retirement Readiness: Strengthening the Federal Pension System." Text of Schilling's testimony as prepared for delivery is as follows:
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"Chairman Ross, Ranking Member Lynch and members of the Subcommittee on Federal Workforce, U.S. Postal Service and Labor Policy:

"I appreciate the opportunity to appear before you today to discuss the issue of pensions for Members of Congress and in particular, H.R. 2397 the Congressional Retirement Age Act. This is bipartisan, money saving legislation that provides an opportunity for Congress to lead by example.

"In Congress we often talk about what we can do today to make a better tomorrow for our grandchildren. To achieve this, I think we're going to have to make some tough decisions and some easy decisions. The Congressional Retirement Age Act represents a small, common-sense step we can take today towards re-evaluating the pensions that Members of Congress are eligible to receive.

"When I ran for office, I made a contract with the people of the 17th District of Illinois. One of the elements of this contract was to reject the congressional pension. This is a personal decision rooted in the belief that our founders did not set Congress up to be a career. I am not here today to preach at anyone. My goal is to advocate for a good policy change.

"As you know, Members of Congress are eligible to receive a pension at age 62 after five years of federal service. However, if a member has served for 25 years, they can receive a pension at age 50. I can tell you that I have talked to many constituents about this issue and am hard pressed to recall one person that believes Congress should receive a pension, let alone as early as age 50. This especially rings true when you consider that the earliest that folks we represent back home can receive Social Security benefits is age 65.

"The first bill I introduced as a member of Congress, H.R. 2397, simply ties a member of Congress' eligibility to receive pension benefits to the Social Security retirement age. Regardless of whether or not you believe Congress should be getting a pension, I hope that we can all agree that Members who do elect to receive pension benefits, should not be able to do so before their constituents can access Social Security benefits.

"This is a truly bipartisan effort with 26 cosponsors in the House. Senator Sherrod Brown of Ohio has spearheaded this effort over in the Senate. The Congressional Retirement Age Act has the support of the National Taxpayers Union and the Taxpayers Protection Alliance. According to a preliminary CBO staff estimate, this legislation would save to $10 to $15 million over ten years. This is real money and at a time when we are facing a national debt of more than $15 trillion, all cost savings count.

"Again, thank you for the opportunity to speak on this legislation today. I would also like to thank Chairman Ross and Congressman Chaffetz for cosponsoring H.R. 2397. I would welcome the support of all members of Congress on this bill. I look forward to working together and hope that we can advance the Congressional Retirement Age Act."

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Military Retirement: Background And Recent Developments
CRS Report for Congress Prepared for Members and Committees of Congress Military Retirement: Background and Recent Developments Charles A. Henning voluntarily prior to the 20-year point generally receive no retirement benefits. However, there is a ... Retrieve Full Source

NALC Alert: The American Energy And Infrastructure Jobs Act ...
Net pay and retirement benefits of federal and postal employees covered by both the Civil Service Retirement System (CSRS) their retirement to pay for the failure of Congress and fed-eral agencies (other than the USPS) to adequately fund ... Read Document

Updated June 6, 2003 - Open CRS
15 See also CRS Report RL30631, Retirement Benefits for Members of Congress. Employer and Employee Contributions to CSRS and FERS Both CSRS and the FERS basic annuity are defined-benefit retirement plans. In most defined benefit plans in the private sector, the employer alone contributes ... Return Document

Should Your Retirement Planning Change Due To The New Debt Deal?
Of course, Congress will seek to achieve a bipartisan agreement which avoids the automatic cuts. Still, one likely target for reaching their objective? Social Security - How Delaying Your Retirement Increases Your Benefits; Suggested Reading. ... Read Article

GAO-12-146 U.S. Postal Service: Allocation Of Responsibility ...
Congress created USPS in 1971 as an independent, self-sustaining entity, paying for the increase in retirement benefits resulting from increases in postal salaries after July 1, 1971 be transferred from the federal government to USPS. ... Retrieve Content

WHY CONGRESS SHOULD ADDRESS QUICKLY THE RETIREMENT FUNDING ...
Health-related retirement benefits provided to all postal retirees. This has amounted to an annual payment of something more than $5 billion. • Congress' failure to rectify the postal retirement funding issues will most certainly not avoid the ... Get Document

Order Code RS20927 Updated June 5, 2003 CRS Report For Congress
To reduce the shortfall in retirement benefits that can affect federal employees who are injured or disabled while performing their jobs, H.R. 978 (Jo. Federal Employees' Retirement Benefits: Bills in the 108th Congress Author: June 5, 2003 ... Visit Document

SOCIAL SECURITY
Congress has amended the Social Security law many times since it was enacted in 70 percent of full retirement benefits at age 62, instead of 80 percent, as is the case today. At age 65, people will receive 86.7 percent, rather than 100 percent. ... Read More

CONGRESS OF THE UNITED STATES CONGRESSIONAL BUDGET OFFICE ...
Preface A lthough the oldest members of the baby-boom generation will not become eligible for Social Security retirement benefits until 2008, when they reach age 62, many of them ... Access Doc

United States Department Of Veterans Affairs - Wikipedia, The ...
World War II resulted in not only a vast increase in the veteran population, but also in large number of new benefits enacted by Congress for veterans of the war. McCarty for military retirement only a brief addition of family law to the USC was needed. ... Read Article

How The Obama And GOP 'Fiscal Cliff' Plans Differ
How the White House and GOP "fiscal cliff" plans differ. ... Read News

Republican Unity Frays Amid Fiscal Cliff Tension
* Conservative Republicans say Boehner offering "tax hike" * House Speaker leads purge of party dissidents from key committee * Top Senate Republican stops short of endorsing Boehner plan By David Lawder and Thomas Ferraro WASHINGTON, Dec 4 (Reuters) - U.S. congressional Republicans had wanted to show a united front against President Barack Obama's demand for tax hikes, but their tenuous ... Read News

Alert Torchbearer
Plete 20 years receive no retirement benefits. In 1986, Congress attempted to save money by making what appeared to be a relatively minor, non-structural change. Some retirees began earning only 40 percent of their basic pay instead of 50 percent and ... Document Viewer

When Our Presidents Retire - U.S. Government Info - Resources
Until Congress sweetened the pot in 1958, retiring U.S. presidents got warm handshakes, but no retirement benefits at all. “Thanks for your help, good sir. Now ... Read Article

Address To Nation On Budget: President Clinton In The Oval ...
For example, taking away benefits from those in or near retirement may be considered inequitable, CBO Director Douglas Elmendorf counseled members of Congress to make decisions about the role of the federal government, ... View Video

S. Ll CONGRESS TH ST ESSION
GAI11101 S.L.C. 112TH CONGRESS 1ST SESSION S. ll To adjust the normal and early retirement ages for receipt of benefits under the Social Security program, increase the maximum age for delayed ... Doc Retrieval

120
Early-retirement benefits --that is, the fifth year before the calendar Although Congress does not normally enact legislation which will not become effective for 20 years, it is important to act on this recommendation promptly. ... Fetch Doc

Section 5 - Railroad Retirement - House Committee On Ways & Means
The Congress authorized such funding through the year 2003 in the 1974 act that substantially reformed the Railroad Retirement System. The total retirement benefits for 30-year employees and their spouses (employees with 30 ... Fetch This Document

Pensions, Office Allowances, And Protection
Congress enacted the Former Presidents Act (FPA) in 1958 to provide former Current Federal Retirement Benefits for Former Presidents Each former President is authorized by statute to a lifetime federal pension, a furnished office, ... Read Content

Rubio Speech: Middle Class The 'very Essence Of America's Exceptional Identity'
Sen. Marco Rubio was given the Kemp Leadership Award at a dinner tonight in Washington. He just started his speech, which follows below as prepared for delivery: "I am so honored to be receiving this award tonight, named after one of the great visionaries of the modern conservative movement in America. We sure could use Jack Kemp right now. Sadly, he is not here, but his ideas and the principles ... Read News

**RETIREMENT BENEFITS AND** **SERVICES**
RETIREMENT BENEFITS AND SERVICES 1 TRANSITIONS 4 TAPS 4 MISCELLANEOUS 7 UPCOMING EVENTS 7 FOR YOUR INFORMATION 8 FEEDBACK 18 Congress as part of the FY 2001 National Defense Authorization Act (P.L. 106-398) and became Public Law on ... Fetch Here

Undermine The Federal Government’s Ability To Attract And ...
Federal employee pay or retirement benefits to offset the cost of extending the rate on federally guaranteed student loans. not one that members of Congress characterize as the source of our country’s problems. ... Get Doc