Sunday, December 15, 2013

Hey Paul

This one's for you

Under the budget agreement crafted by House Budget Committee Chairman Paul Ryan (R., Wisc.) and Senate Budget Committee Chairman Patty Murray (D., Wash.), military retirees younger than 62 will receive 1 percentage point less in their annual cost-of-living adjustment.  However, federal retirees will continue to receive their generous pension benefits and current employees will not be required to pay more.  When compounded, the 1 percentage point cut could result in much more than a 20% reduction in retiree pensions over 20 years. 

Cutting their Benefits

So we can keep paying entitlements 


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