This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AFGE Statement On Health Care Rate Increase For Federal Employees, Retirees

WASHINGTON, Sept. 24, 2013 /PRNewswire-USNewswire/ -- American Federation of Government Employees National President J. David Cox Sr. today issued the following statement in response to the announcement that premiums for enrollees in the Federal Employees Health Benefits Program will increase an average of 4.4% in January:

"Today's announcement that FEHBP premiums will increase an average of 4.4% next year for enrollees is unacceptable. Federal employees have had their pay frozen for an unprecedented three consecutive years, and more than a million employees lost a week or more of their wages this year when they were furloughed under sequestration.

"We are days away from the government shutting down unless Congress passes a new fiscal year budget, which will force more than 800,000 federal employees to stay home without pay. And unless sequestration is canceled, federal employees are facing another year of unpaid furloughs and even permanent layoffs.

"With everything else hanging over their heads, federal employees and retirees simply can't afford this increase in their health insurance premiums. The average salary of our members is $50,000 a year, which means they're taking home about $500 a week after taxes, retirement and health insurance. Hiking premiums by another 4.4 percent next year means our members will be bringing home even less income."

The American Federation of Government Employees (AFGE) is the largest federal employee union, representing 670,000 workers in the federal government and the government of the District of Columbia .

For the latest AFGE news and information, follow us on Facebook and Twitter .

SOURCE American Federation of Government Employees

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs