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All provisions targeting federal worker benefits, unions stricken from Senate reconciliation package
The Senate parliamentarian previously ruled that most of the proposals aimed at cutting federal employees’ retirement ...
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Federal employees face retirement benefit cuts - MSNFederal employees at Robins Air Force Base in Georgia are facing significant cuts to their retirement benefits under a House Republican plan. The budget reconciliation bill would eliminate the ...
The Federal Employees Retirement System (FERS) is a retirement plan that covers all employees in the executive, judicial, and ...
View the full graphic. BREAKING POINTS. ... Step 1 begins when a federal employee submits retirement paperwork to his or her own agency. That happens at least 100,000 times a year.
FERS provides a three-part retirement plan for U.S. civilian federal employees. Retirees receive Social Security, Basic Benefit Plan pensions, and Thrift Savings like a 401(k). Full retirement is ...
The reconciliation bill passed by the U.S. House of Representatives has numerous adjustments that would impact retirement and workplace benefits for federal workers, whether they’re newly hired or ...
In January 2025, OPM received over new 16,000 retirement claims and processed 6,700. January usually sees an influx of retirement applications; the month before, OPM received 5,020 and processed ...
As part of Trump's "Big, Beautiful Bill," the House voted to end a retirement supplement aimed at helping federal employees who retire before they're 62.
Federal workers have a constellation of retirement benefits, and assessing them can get complicated fast. Here are five high-stakes decisions to focus on.
Federal Employees Retirement System ; If vested (5+ years), they can keep deferred benefits but lose employer contributions if not yet eligible. While reviewing their specific plan, ...
Among the package’s provisions, the bill would raise FERS (Federal Employees Retirement System) employee contribution requirements, up to a higher, new rate of 4.4% of an employee’s salary.
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