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Federal Emplyee Pensions About To Get Screwed.

ChezC3

Relentless Thinking Fury
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Among the “extraordinary measures” Lew said he could take to create this “headroom” under the debt limit were: 1) not investing new money from the Civil Service Retirement and Disability Fund (CSRDF) in U.S. Treasury securities, which he said would create $6.4 billion in “headroom” per month, 2) not reinvesting $58 billion ion Treasury Securities held by the CSRDF that would be maturing and not reinvesting $16 billion in interest owed to the fund, which would create $74 billion in headroom, 3) suspending the routine daily reinvestment of $160 billion in special Treasury securities held by the Federal Employees’ Retirement System Thrift Savings Plan, which would create another $160 billion in headroom, and 4) suspending the routine daily reinvestment of Treasury securities held by the government’s own Exchange Stabilization Fund, which would create another $23 billion in headroom. - See more at: Treasury: Debt Up $0 in August; CBO: But Deficit Was $146B | CNS News
Treasury: Debt Up $0 in August; CBO: But Deficit Was $146B | CNS News

This type of swindle is precisely what put State pensions in the shape they're in and SS in the shape it is in.

Will they EVER learn?
 
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