Dangers to FERS: TMI or ‘GMM?’.

Do you keep in mind 2017's dangers du jour to your retirement strategy, and how real they seemed at the time? There were many, some recycled concepts and others brand name brand-new with great deals of steam behind them. And some were so drastic that feds stated they were considering retiring to beat the proposed changes and receive the benefits they were guaranteed when they joined the government.At the time, Congress, or at least some Home Republicans, were fatal severe about whacking the Federal Employees Retirement System and tightening up the older Civil Service Retirement System. One proposal that was seriously considered through the fall of 2017 would have removed FERS entirely.Many personal companies have actually abolished their costly pension, suggesting no more defined advantages and whatever you get is up to you.In a government without FERS workers, workers would be responsible for building and furnishing their own retirement nests through the Thrift Savings Plan and Social Security. The FERS annuity-- so-called the defined advantage-- would have gone away. Which was just one of five equally unpleasant legislative plans.The National Active and Retired Federal Employees alerted members not to retire or leave their tasks since of exactly what Congress might do. Rather, they said to stay tuned so they would know of the risks and ways to combat them.Every day, we at Federal News Radio get calls or emails from readers and listeners who wish to know the most recent, the cost and the timetable for action. Rather weeping" TMI" (too much info ), their plea is a brand-new acronym I'm creating now called GMM (offer me more). We do not inform themwhat's going to take place since we do not know. But we do tell them the consequences-- in decreased net earnings, loss of the FERS Social Security

supplement and the end of cost of living changes-- if the worst need to happen.Understandably, some people are sick of the problem, as this reader recommended me Thursday: "You know, if you would stop, or at least restrict your predictions of all things that you'believe'may occur with the retirement systems

, you might provide us with other real occasions and incidents that are factually known and documented to take place. Anyone and everybody can think, and your incredible capability to make a living out of speculation is getting rather annoying."Why do not you simply wait until the last choice'on anything'you report is made. You can then write about it for the next year approximately, just like [you] constantly do now with issues still in flux. The federal government has plenty of exactly what if's: exactly what if this occurs, exactly what if that happens, etc. "My father would offer me hell whenever I would say,'if this or if that. 'He also told me that the rabbit would have won the race with the turtle, if he didn't stop to take a s--." Michael G So, your call: TMI or GMM?Nearly Useless Factoid Saccharin, also understood as benzoic sulfinide, the very first synthetic sweetener, was mistakenly invented in 1878 by Johns Hopkins University researcher and professor Constantine Fahlberg. He forgot to wash his hands after working in a lab and had actually spilled a chemical on them, which caused his

food to taste sweet. The source

was an overboiled beaker in which o-sulfobenzoic acid responded with phosphorus(V)chloride and ammonia.Threats to FERS: TMI or 'GMM?' Mike Causey Mike Causey is senior reporter for FederalNewsRadio.com and writes his day-to-day Federal Report column on federal workers'pay, advantages and retirement. Follow @mcauseyWFED

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https://federalnewsradio.com/mike-causey-federal-report/2018/06/threats-to-fers-tmi-or-gmm/