Ho-hum, more bad news for feds

By Phil Piemonte

| December 15, 2010

Well, to add insult to injury (no COLA, pay freeze, higher health insurance premiums, etc.), the new tax bill just approved by the Senate does not include Civil Service Retirement System feds among those who will benefit from a 2 percent reduction in payroll taxes next year.

Congress

Well, to add insult to injury (no COLA, pay freeze, higher health insurance premiums, etc.), the new tax bill just approved by the Senate does not include Civil Service Retirement System feds among those who will benefit from a 2 percent reduction in payroll taxes next year.

Private-sector employees and Federal Employee Retirement System feds both will enjoy this “tax holiday” if the bill passes through the House unscathed. Unions continue to press to have CSRS feds included in the measure.

Bet you can’t wait for Congress to adjourn for a few weeks.

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Well, to add insult to injury (no COLA, pay freeze, higher health insurance premiums, etc.), the new tax bill just approved by the Senate does not include Civil Service Retirement System feds among those who will benefit from a 2 percent reduction in payroll taxes next year.