May 24, 2017
Trump Budget Trims Payouts for Federal Retirees
"...President Donald Trump’s “taxpayer focused” budget for fiscal 2018 includes smaller cost-of-living adjustments for veterans benefits payouts and eliminating those adjustments for some federal civilian retirees altogether.
The controversial suggestions are likely to be met with opposition from outside advocates and some lawmakers, but White House officials insist the moves are part of a broader strategy to balance the budget without sacrificing essential government services..
Trump’s plan calls for eliminating annual cost-of-living increases Federal Employee Retirement System enrollees completely, and lowering the adjustments for Civil Service Retirement System enrollees by 0.5 percent..."
