REID TO CUT PENSIONS

Reid: Cut to military pensions could be addressed in omnibus 14GH 1/23/14
Reid (D-Nev.) on Tuesday hinted that some cuts to military retiree pensions could be reversed in the omnibus bill funding the government.

The Democratic leader blocked an attempt by Republicans to add an amendment to the unemployment insurance bill that would have restored the $6 billion cut to military pensions approved in last month’s budget deal.
Reid said that he was opposed to adding the amendment to the unemployment measure because the cuts are likely to be addressed in the omnibus spending bill that is being negotiated by Sen. Barbara Mikulski (D-Md.) and Rep. Hal Rogers (R-Ky.).

The pension cut negotiated late last year by Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.) would hold the increase in the payments to 1 percentage point below inflation beginning in December 2015.

More than a dozen bills have been introduced to repeal the pension cuts, but there is no bipartisan agreement on how the measure should be paid for.

A spokesman for Murray said the senator is open to reversing the cuts, but only if there’s a replacement for the $6 billion saved by reducing military retiree benefits.

Sources—ramsey cox, degcon hillcon, Kristina wong,

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