With all of these layoffs and budget cuts, I'm starting to worry. Do you think our pensions could be in trouble? I mean, the government can't take these away if we're fully vested, can they?

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I don’t know. You would think they’d be safe however I know corporations will mess with people’s pensions later down the road. There’s just so much uncertainty. It’s hard to tell what to prepare for you know

The pensions are backed by the US Treasury so I don't see that happening. What can happen is to cancel pensions going forward for new staff, like private companies have done, and convert to 401K. Like social security, something drastic would have to happen that really would mean everyone is in trouble(not just federal workers). If things get bad from a fiscal standpoint, it could mean a reduction in pension monthly payment amount (like they predict for social security in about 20 years if the trust fund is not replenished after being raided constantly for the last 30 years to pay for pet projects and other initiatives) but even then, I highly doubt that would happen. The worst case would be you get less per month but the pension is a contract that can't be changed for those already participating.

I see trouble for people starting to come in at some point. I think we will see huge benefit changes in the next 5 or so years. If you are already set up, I’m not as concerned there.

Probably. I know there’s supposed to be some legal protections or what not however in the private sector they’re able to mess with people‘s pensions all the time. I’m not sure what would prevent the government from doing whatever they want to ours.

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