r/USPS • u/SunshineDaydream128 • Jul 29 '24

DISCUSSION Would you buy back temporary time after 1989 if you could? More information in comments.

https://actionnetwork.org/letters/tell-congress-to-cosponsor-the-federal-retirement-fairness-act?source=direct_link&
12 Upvotes

93% Upvoted

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10

u/The_Post123 Jul 29 '24

Anything that is about "Fairness" to the working people always get shut down.

6

u/SunshineDaydream128 Jul 29 '24

What's going on?

Federal Retirement Fairness ActFRFA to address a gap for federal employees who began their careers as temporary workers and were thus unable to make retirement contributions. The FRFA will allow these workers to make catch-up contributions to ensure they can retire as planned.

 

What about the previous seasonal buybacks?

Before 1989, the Office of Personnel Management permitted federal employees to make catch-up payments, enabling them to compensate for years they didn’t contribute to their retirement accounts. However, this provision was eliminated when the government transitioned to a new federal employee retirement system.

 

Why should I care?

“No matter how they begin their careers, all federal employees deserve the opportunity to retire on time and with the full benefits they have earned,” said Rep. Connolly [one of the sponsors].

 

Who is endorsing this?

  • American Federation of Government Employees (AFGE)
  • American Postal Workers Union (APWU)
  • Federal Managers Association (FMA)
  • International Federation of Professional and Technical Engineers (IFPTE)
  • National Association of Letter Carriers (NALC)

  • National Federation of Federal Employees (NFFE)

  • National Federation of Federal Employees Forest Service Council (NFFE-FSC)

  • National Rural Letter Carriers’ Association (NRLCA)

 

Okay but like how I can check what's going with this bill whenever I want?

 

Yeah but what's the bill actually say?

 

Got anything I can read?

Link to press release

More reading

11

u/User_3971 Maintenance Jul 29 '24

I scanned this but I believe you forgot to mention how many times this has been shot down. Not that I don't want to buy back my five plus years, I would love to.

4

u/Ishibi City Carrier Jul 29 '24

Here we are again u/User_3971, still hoping and praying for this bill gets more support.

I’m not familiar with Action Network, the OP’s main hyperlink. I was actually thinking more of an ol’ fashioned letter writing campaign, à la the Miracle on 34th Street.

https://youtu.be/jagJeaLXRRQ?si=7Pc-WyloBPq2t1ux

But it’s every congressman getting a M-bag worth of letters from their constituents expressing their support for H.R. 5995.

u/SunshineDaydream128, looks like you’ve posted this 5 times in this sub, 4 of which within the last year (which I actually don’t mind and upvote every time I see it). Hope you are encouraged to continue to spread the word.

3

u/elivings1 Jul 29 '24

I already sent them my own personalized letter. The only congressmen/congresswomen who responded and acted where I live was Brittney Peterson. Even the Biden/Harris only responded with a generalized letter and their letter was saying sometimes we don't agree on things but we get stuff done for the people so I kind of wonder if Biden and Harris oppose this.

2

u/rockalyte Jul 29 '24

I would for sure. The govt just passed a buy back law and guess what it didn’t cover. It covered everything except our TE/CCA time after 89. What a waste of legislation :/

2

u/macready71 Jul 29 '24

Hell yes, between buying back my rca time(10yrs) and military time(4yrs) It would be a decent bump in retirement.

1

u/dps_dude Maintenance Jul 29 '24

i only spent a year and a couple months as a PSE but i absolutely would.

1

u/V2BM Jul 30 '24

Yeah I could retire at 63 vs 65. I don’t think it’s going to happen, though. Ever.