These PANSIES don’t pay the tax, so why should they get a cut? At least THEIR retirement systems is solvent, not a Ponzi scheme. The “Civil Service” system should be rolled into our Social Security system, to help fund it. Cry babies all!
I am sorry but you are misinformed. The old Civil Service System is not solvent and is an enormous UNFUNDED liability of the government. If any corporation funded their pension at the low level the feds do, they would be in jail. Rolling the Civil Service System into Social Security would result in an earlier failure of the Social Security System - Social Security still collects taxes from most American workers. The CSRS only collects from 426,000 workers (a number which is getting lower every day, since no one new is joining CSRS (by law) and plenty of people are retiring).
Benefit payments under CSRS are about $70 billion a year and rising. Payments by workers into CSRS are around $2 billion a year and falling. So rolling CSRS into Social Security would result in a net loss of $68 billion a year for the Social Security Trust Fund.
Getting fed workers' contributions to go into Social Security to help fund it was the reason the Greenspan Commission came up with the new retirement system (FERS) back in 1983.
I came to work on December 30, 1983 - the last day one could start with the goverment and be convered by CSRS. When given the opportunity, I switched to the new system (which included Social Security coverage). I had done the research, knew the CSRS would fail about the same time as Social Security and figured when push came to shove, the public wouldn't protest cutting off federal pensions but there was no way they would end payments under Social Security.