MYTH VS. REALITY MYTH: Federal employees cannot be fired for any reason. REALITY: Federal employees can be fired for performance issues and for misconduct. Approximately 10,000 federal employees are fired every year.
The next day, they rolled it back in H. Res. 1300, keeping alive the bill’s prospects of a House vote. Since the WEP and GPO’s implementation more than four decades ago, federal retirees have been subjected to an unfair reduction in their Social Security benefits. Introduced by Rep. Davis, the Social Security Fairness Act would
repeal these provisions that penalize public servants. At the press conference, Rep. Garret Graves, R-LA, noted that future generations of public servants should not be penalized by these ill-advised policies, but rather incentivized to enter these professions. For years, NARFE has dedicated advocacy and lobbying
efforts to gaining support for this bill. But we need to keep pushing, by adding supporters to ensure we maintain the requisite total, and by pushing for a floor vote. Lend your voice now by using NARFE’s Legislative Action Center to contact your members of Congress. —BY HANNAH MCLAIN, GRASSROOTS AND PROGRAMS ASSISTANT
Biden Signs Inflation Reduction Act Into Law
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beyond. Some of the health care price of some of those drugs fter passing the Senate savings offset caps on Medicare and requiring pharmaceutical earlier in August, the Part D enrollee cost sharing companies to provide rebates Inflation Reduction Act, and extend some H.R. 5376, passed Affordable Care the House on Friday, subsidies. August 12, by a vote HEALTH CARE SAVINGS DERIVE The bill is of 220-207, and was PRIMARILY FROM REDUCED MEDICARE estimated to signed into law by SPENDING ON PRESCRIPTION DRUGS bring in more President Biden on than $400 billion August 16. The bill BY ALLOWING MEDICARE TO NEGOTIATE in additional will produce $300 THE PRICE OF SOME OF THOSE DRUGS revenue from a billion in estimated AND REQUIRING PHARMACEUTICAL new 15% corporate deficit reduction from COMPANIES TO PROVIDE REBATES WHEN minimum tax, about $739 billion in greater Internal increased revenue and THEY RAISE THE PRICE OF THEIR DRUGS Revenue Service health care savings AT A RATE GREATER THAN INFLATION. enforcement paired with about and a 1% excise $443 billion in energy, tax on corporate climate and health buybacks. when they raise the price of care spending, according to the Those savings and increased their drugs at a rate greater than Committee for a Responsible revenue are designed to offset Federal Budget. inflation. Once law, Medicare will be able to negotiate the the bill’s major energy and Health care savings derive prices of 10 prescription drugs climate change spending and tax primarily from reduced in 2026, and another 15 drugs in credits. Medicare spending on 2027 and 2028, with the number —BY HANNAH MCLAIN, GRASSROOTS AND prescription drugs by allowing rising further in 2029 and Medicare to negotiate the PROGRAMS ASSISTANT NARFE MAGAZINE www.NARFE.org
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