PROPOSED REPUBLICAN CUTS TO FEDERAL RETIREMENT BENEFITS

Gee what a surprise, I have been sitting here waiting for the ax to fall.  Pension plans across the country have been ripped apart by the austerity minded republicans.  I guess they haven't peeked at what's happening in the EU with there enacting time and time again austerity package after austerity, with no effect. Yet they drive country after country into bankruptcy.

Now it's us Federal Employee benefit that are under the ax.The republican 2016 budget cuts roughly a 6 % cut plus changes to their payment to health care benefits.
One cut laid out is to reduce the interest rate on the G fund which is a government bond fund that employees can contribute which currently returns 2.8% which they intend to reduce to .8 percent. I don't see how this can be legal.  It's a bond fund and it's return is what it is ,not adjusted to the whim of congress.