Page 806 - Pensions News Today

Plan, the bipartisan effort to cut the budget, the original copy actually said quote this will not affect service members who retire because of disability or injury. they were protected since then, but the line was removed and so military retirees under the age of 62 could receive a 1 percentage point less in their annual cost of living allotment. it adds up over the years. between $74,000 and $160,000. >> it could be up to $124,000 over 20 years lost retirement for disabled veterans. whats inte...

Months and theyve done that for ten years pay agenormous price up front. this is really, really a disgrace. >> as part of their budget, rule ryan and patty murray decided to reduce by 1% the cost offing adjustment for retirees who retire after 20 years of service. it would go back up at age 62. it saves $6.2 billion. right savings, wrong targets say some republicans. >> of all the people we could have picked on to screw, be how could we arrived here? how could we have done this? >> but lindsey g...

Everyone lovers called for a limited age 62 for retired veterans, the budget deal takes 1% off the cost of living increase. its an idea bouncing around a long time. they should tweak it. some veterans need that money. others will not. i think they will do that. >> we had adjusted the cost and the pensions for every other federal employee except military retirees. lets get there budget passed now and come in with a scalpel. >> thank you for coming. >> tim kaine. >> mika wanted to ask you a questi...

Continuity, relief sequester on the military, i understand that. theres some upside. but to do it this way, to sneak something in that doesnt grandfather in military retirees, as she said, its a great point. >> people are banking on it. >> theyre banking on it. other federal workers, nonmilitary, they were grand fathered in. there were small pensions for new employees. for whatever reason on the military they werent grand fathered in. >> i think senator chuck schumer spoke to that this morning o...

Wed live at the budget control act numbers. we promised them we would. were now two years later, and in this bill were saying were going to make up for all this in the last ten years of the next ten-year budget window. how many people would really believe that? you know, were dishonest with the american public. number two is theres so much waste. theres a quarter of a trillion waste just in the discretionary program in the federal government outlined by the gao. thats not their number, thats min...

Numbers would go in october. nobodys won since. you have to pick between 1 and 75. that made the odds astronomical. nonetheless, two winning mega balls and winners won in atlanta, one in san -- >> what is harder? winning the lotto or matching the green, this wonderful green in elisabeths sweater with your tie. i cant believe how much they are alike. this is incredible the synergy. incredible. >> were going to a christmas party today. >> we are. >> are you really? yesterday there was a vote to cu...

Continuity, relief sequester on the military, i understand that. theres some upside. but to do it this way, to sneak something in that doesnt grandfather in military retirees, as she said, its a great point. >> people are banking on it. >> theyre banking on it. other federal workers, nonmilitary, they were grand fathered in. there were small pensions for new employees. for whatever reason on the military they werent grand fathered in. >> i think senator chuck schumer spoke to that this morning o...

Martha: fox news alert. we are eight withing a final vote on the -- awaiting a final vote on the bipartisan budget deal working its way through the process after democrats blocked an amendment to protect military pensions that happened late yesterday. the two-year deal would ease some of automatic spending cuts known as the sequestration. it would fund the government through 2013 and closing of the government issue sort of off the table now. well bring you the latest developments as they happen....

Correspondent dana bash joins us from capitol hill with more. good morning. >> good morning, carol. a lot of conservative groups are still at this hour trying to convince some undeclared republican senators to vote against this, saying it doesnt do enough to attack the debt and the deficit or because it actually has what they call taxes, new fees on airline travelers, other groups like military groups that are trying to convince senators to vote against it because it would chip away at the pensi...

Deal, 67-33. all democrats voted for it, and a dozen republicans. just quick math, thats about a quarter of the republican caucus in the senate defied the conservative base, defied some of the military groups that were upset that this takes away some of the pensions for military personn personnel. approving this, now its going to have a day of debate again and then the final vote is going to be tomorrow. but this was the key vote. this was the one to watch, and it was a big bipartisan vote. >> a...