President Donald Trump has seized the authority to lay off federal workers and reorganize the federal government in a way ...

The Federal Employees Retirement System (FERS) ... The program went into effect in 1987 for all federal employees hired by the government after Dec. 31, 1983, ...

Even though the billionaire is no longer leading the Department of Government Efficiency effort, many key staffers — and DOGE ideas — are now more permanently embedded in the federal government.

The government's formula for retirement benefits is complicated, but typically, federal workers who have put in at least 30 years can retire at age 57 with their full pensions. "It was the reason ...

The House Oversight and Government Reform Committee on April 30 advanced a legislative package to raise the retirement contribution rates for federal civilian employees and reduce their eventual ...

The bill advanced by the Oversight Committee includes raising all federal and postal employees’ retirement contribution rates to 4.4%. The current rates range depending on the employee’s date of hire ...

The largest proposal would increase revenues by $30.7 billion by requiring long-serving federal workers to increase their contributions into the Federal Employees Retirement System, or FERS, to 4. ...

After months of contending with the Trump administration’s multipronged effort to downsize the federal workforce, government employees are now facing the possibility of another major change that ...

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 ...