By: Dan Anderson

Dan Anderson — Fri, 26 Jul 2013 19:12:40 +0000

The biggest one problem is this paying in advance for employee health care (cash cow). I retired from APWU in 2003 10 yrs. later I would think most CSRS employees are at a minimum and FERS employees are the norm. Under FERS health care is provided by Medicare since the employees pay into medicare. Unlike CSRS most FERS employees won’t be able to retire until their approx. 62 or older with the 401 k dictating if the employee has a enough money to retire.
FERS pays into SSI and Medicare so I don’t understand this 5 billion pay out to the government every year. What prepaid health care are they talking about since the majority will be covered by their contribution to medicare from their pay checks. If this Russian roulette 401k plan goes as I see it (lost 20+%) a yr or so ago most employees will retire close to 65 yrs. old and would be covered by medicare,. Congress a number of year back tried to setup SSI under a 401k setup but dropped the idea stating it was to risky (like gambling) but you know what they gave it to the Postal Employees instead. Now they must suffer for congresses mismanagement. Dan Anderson – retired postal employee

Comments on: APWU Urges ‘No’ Vote on ‘Deeply Disturbing’ Bill

By: Dan Anderson