Morning Briefing - July 06, 2016
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July 06, 2016

DOE to Brief HASC Staff on Retiree Comparative Pensions

By ExchangeMonitor

Department of Energy (DOE) representatives are scheduled to brief House Armed Services Committee staffers Thursday on a study of comparative pensions and cost-of-living increases given to retired workers from DOE facilities, according to the Savannah River Site Retirees Association (SRSRA).

The SRSRA said in an issue summary statement that this briefing follows two years of efforts by the group to obtain a “minor adjustment” to the current pension for Savannah River Site (SRS) retirees.

“Our request was 6.2% paid to retirees retiring prior to 1999 and targeted at the oldest and most infirm retirees in an amount that would amount from $35.00 to $111.00 a month,” SRSRA spokesman John Lindsay said Tuesday by email.

According to the group, the pension for SRS workers was last boosted in 2002, for employees who retired before 1999. Inflation has increased by 30 percent since then, according to SRSRA.

Meanwhile, retirees of the Los Alamos, Lawrence Livermore, and Lawrence Berkeley national laboratories have received more than 22 percent in increases since 1999, SRSRA said, and DOE employees have seen more than a 22 percent increase since 2002.

Department headquarters did not support SRSRA’s pension adjustment proposal barring legislation directing an adjustment, the summary said, while appropriators said they would need additional information from DOE before moving forward with such a proposal.

As a result, Rep. Joe Wilson (R-S.C.) proposed an amendment to the fiscal 2016 National Defense Authorization Act, the language of which was included in the legislative report, that required DOE to offer by Jan. 31, 2016, information including a comparison of cost-of-living adjustments since 2000 for DOE facility retirees – particularly those at nuclear security enterprise and environmental management sites in comparison to those of other DOE facilities; how those adjustments compare to other federal pension plans; and the impacts on site operations, workforce, and costs of adjusting pension plans that have not been adjusted for over 10 years.

Wilson’s proposed amendment noted that NNSA and DOE-EM employees “have been under financial strain due to fixed pension payments” and that SRS retirees in particular have not received a cost-of-living pension payment adjustment for roughly 15 years.

“We look forward to finally seeing the briefing prepared by the Department of Energy and its contractors concerning what we believe are the apparent pension disparities across the complex,” SRSRA Chairman Tom French said in a statement. “The issue is one of considerable significance for retirees at DOE sites and will merit an independent analysis of the date produced.”

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