The White House and Congress appear to be on the verge of closing a new agreement to fix the debt ceiling, a deal that features massive cuts and no new revenue. What does this mean for federal workers? While the deal does not include explicit cuts for federal workers, that doesn’t mean they won’t feel the overall effects of downsizing. The Washington Post takes a stab at what the future might look like for feds:
The measure does not specify potential targets, but the special committee could examine the numerous ideas for reducing federal benefits have been in ciculation for months.
Those ideas have included, among others, extending the general pay freeze beyond 2012, increasing the employee contribution to retirement, cutting federal employment through partial hiring freezes, reducing retirement benefits for new retirees by changing the way those benefits are calculated, and making cost of living adjustments less generous for all retirees.
On the Post’s daily live chat, reporters speculated who were the winners and losers in the debt deal. What do you think? Are federal workers some of the biggest losers in this deal?
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