USPS OIG Report: Treasury Inflation-Protected Securities

Objective The Postal Service participates in three retirement plans: The Civil Service Retirement System (CSRS), the Federal Employees Retirement System (FERS), and the Postal Service Retiree Health Benefits (RHB). The first two are pension plans, and the third is set up to fund RHB premiums. The Office of Personnel Management (OPM) administers these programs, including…

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Fun Fact: Federal employees own $1 trillion of U.S. debt

By Andy Medici – April 6, 2015 If federal employees were a foreign country they would rank only behind China and Japan as holders of U.S. Treasury securities, according to federal data. The Civil Service Retirement System and the Federal Employee Retirement System hold a combined 837 billion in Treasury securities, and the Thrift Savings…

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Rep. Westerman Seeks To Reduce Federal Pensions

By Peter Urban – March 5, 2015 WASHINGTON — As a freshman member of Congress, U.S. Rep. Bruce Westerman has gone largely unnoticed by the unions that represent federal employees, but that is about to change. Westerman, R-Hot Springs, is introducing legislation that would cut back on pension benefits for retirees starting in 2017. A…

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