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Though Democrats were able to excise a plan to base federal retirees’ annuity payments on their highest five years of salary, ...
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Under30CEO on MSNFederal employees face retirement benefit cutsFederal employees at Robins Air Force Base in Georgia are facing significant cuts to their retirement benefits under a House ...
A provision to move to a “high-5” annuity calculation was struck from the House-passed reconciliation bill. But other ...
The latest draft of the GOP’s plan to cut federal spending to pay for tax cuts and increased immigration enforcement no ...
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 program went into effect in 1987 for all federal employees hired by the government after Dec. 31, 1983, and replaced the Civil Service Retirement System (CSRS) program. The FERS is a defined ...
In a close vote, the House of Representatives passed President Trump's budget bill with cuts to federal retirement benefits.
The FERS change could reduce take-home pay for certain workers considerably. For someone at the bottom end of the federal pay ...
Republicans want to force new federal workers to choose between losing job protections and paying for them. One union ...
(Bloomberg) -- Federal employee pension benefits are set to be pared back in Republicans’ giant tax and spending package working its way through the US House, another slap at a workforce roiled ...
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.
would force many federal civilian employees to pay higher premiums for retirement benefits and to lower their eventual benefits by changing the formula for calculating payments.
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