Both Houses Propose FY 2016 Budgets
Last week both houses of Congress passed proposed budgets for FY 2016 and the contents of these proposals do not bode well for federal employees.
Both proposals would require you and all federal employees to contribute an additional $127 billion of your salary from 2016 through 2025. There are also $32 billion in cuts from the Thrift Savings Plan G-Fund, which would reduce the rate paid to retirees for investments in the G-fund.
The National Border Patrol Council is currently working with AFGE and other affected components to counter the devastating effects of these proposals. It is estimated that there will be further movement on this issue during the second to third week of April. This process is by no means over and the National Border Patrol Council plans to use every tool at its disposal to deal with these budget proposals.