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National President Dougan Issues Statement on House Federal Retirement Hearing

Wednesday, January 25, 2012
 

FOR IMMEDIATE RELEASE
Contact: Cory Bythrow, Communications Director

Phone: (202) 216-4458

 

Washington, D.C. – In response to a Wednesday hearing in the House Subcommittee on Federal Workforce, U.S. Postal Service, and Labor Policy concerning federal retirement security, National Federation of Federal Employees National President William R. Dougan issued the following statement:

 

“The CSRS and FERS pensions are the bedrock of the retirement security for millions of current and former federal employees. These modest retirement benefits provide a small but dependable income for retirees who dedicated years – often decades – of their lives to national service. Misleading statements suggesting federal retirement benefits are excessive are not just unfair, they are simply untrue. The facts are that the average CSRS pensioner relies on just $2,941 per month, because they are ineligible to collect social security. The average FERS pensioner, on the other hand, can collect social security but receives a mere $1,065 in annuity payments each month. That’s a total of just $12,780 per year – a modest sum by any measure.

 

The bottom line is that unfair attacks on federal retirement benefits are solutions in search of a problem. These criticisms have little basis in fact and are motivated more by ideological politics than ideal policy. Underfunding issues were dealt with nearly thirty years ago when federal retirement reforms cut pensions in half and mandated fully funded benefits. Today the federal retirement system is a model of efficiency, reliability, and stability for taxpayers and the retirees who served them. If we are to continue to deliver a high level of service to the American people, we must have a retirement system that rewards years of dedicated service. We have that today, and will do all we can to preserve it for tomorrow.”

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