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Get And Sign Narfe Be Prepared For Life Events Form 2010-2021

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about the federal budget and its impact on federal employees and retirees I'm joined by Jessica Clement of the National active and retired Federal Employees Association Jessica thanks for joining us hey Karen thanks for having me starting out we know the big 30,000 foot impact of the President's budget which came out yesterday they're going to take out four billion dollars in spending that had been allocated towards federal employee and retiree uh systems of the first system um can you talk about though if we're breaking it down granular granular level what is that impact mean for an individual retiring sure so you want to focus on retirees first because the budget hits CSRs and FERS both employees and retirees in mostly the same manner although it does have a greater impact on the FERS employees than it does on the remaining CSRs employees so if you look at the first system for the current FERS retirees the budget proposal eliminates colas altogether altogether no more cost-of-living

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