"...Will the federal deficit impact your federal retirement?...
in reality the deficit could have an impact on your future retirement. And, yes, the federal retirement program does have a large “unfunded liability.”...
With all of the scary press devoted to the devastating impact on the public that will supposedly occur with sequestration, the actual cuts to the federal budget would be a relatively small amount—a 5% cut for domestic agencies and a 7% cut for the military. The sequestration would cut about $85 billion out of a federal budget that is about $3.6 trillion...
What does this have to do with federal retirement payments?"