The Senate Homeland Security and Governmental Affairs Committee has released its version of a key spending bill that would ...

In a 215-214 vote, the House of Representatives passed President Donald Trump's "big, beautiful" budget reconciliation bill, including major proposed cuts to federal retirement benefits within the ...

In a 215-214 vote, the House of Representatives passed President Donald Trump's "big, beautiful" budget reconciliation bill, including major proposed cuts to federal retirement benefits within the ...

The most significant measure approved by the committee would raise the Federal Employees Retirement System contribution rate for many current civilian and postal employees to 4.4% of their salary.

The Federal Employees Retirement System (FERS) is a defined-benefit retirement plan for civilian employees of the federal government. The program went into effect in 1987 and replaced the Civil ...

The new proposal does not mention the Civil Service Retirement System, which is a retirement plan for federal employees who were hired before January 1, 1984 that provides an annuity for life.