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Big Change Announced In Plan To Garnish Retiree Benefits

  Copy link into your clipboard //politics-government.news-articles.net/content/ .. nounced-in-plan-to-garnish-retiree-benefits.html
  Print publication without navigation Published in Politics and Government on by Patch
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Potentially hundreds of thousands are affected by this policy pivot.
The article from Patch discusses a significant change in the plan to cut retirees' benefits, specifically addressing the issue of garnished benefits for federal retirees. The U.S. Office of Personnel Management (OPM) announced that it would no longer pursue a proposal to reduce the cost-of-living adjustments (COLAs) for certain federal retirees, which was initially considered as a way to address the financial shortfall in the Civil Service Retirement and Disability Fund. This decision came after strong opposition from federal employee unions and retirees, who argued that the cuts would unfairly impact their financial stability. The OPM's reversal means that the benefits of these retirees will not be subject to garnishment, providing relief and maintaining the current level of COLAs for the affected individuals.

Read the Full Patch Article at:
[ https://patch.com/us/across-america/big-change-announced-plan-cut-retirees-benefits-garnished ]