The new retirement program that Congress set up was called the Federal Employees Retirement System, or FERS. They gave all old government employees hired before 1984 the option of switching from ...

A provision to move to a “high-5” annuity calculation was struck from the House-passed reconciliation bill. But other ...

Republicans want to force new federal workers to choose between losing job protections and paying for them. One union ...

A GOP proposal could push federal workers to retire early to avoid pension cuts, but as the rules keep changing, planning is ...

After the House Budget Committee advanced the One Big Beautiful Bill on Sunday, lawmakers met Monday to lessen some cuts to ...

A few revisions on the proposed federal benefits cuts come after the House Budget Committee voted to advance the GOP budget reconciliation bill Sunday night.

The latest draft of the GOP’s plan to cut federal spending to pay for tax cuts and increased immigration enforcement no ...

Social Security paid over $1.5 trillion in benefits to more than 72 million people. Changes are being looked at to fix the ...

Federal 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 Federal ...

The Federal Employees Retirement System (FERS) is a defined-benefit retirement plan for civilian employees of the U.S. federal government. What Is the Federal Employees Retirement System (FERS)?

Early retirement: The FERS annuity supplement ... Projected cost savings: The plan would save over $51 billion over 10 years. • Where the bill stands: The Oversight Committee passed the measure ...

The Federal Employee Retirement System, or FERS, is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the $937 billion defined ...