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With so many currently heading for the exit, it’s a good time for federal employees to improve their understanding of the retirement process.
Federal retirement has been a hot topic on Capitol Hill lately, with proposed changes sparking plenty of questions. Here’s a ...
The FERS change could reduce take-home pay for certain workers considerably. For someone at the bottom end of the federal pay schedule making just under $28,000 a year, the increased contributions ...
Federal civilians already have a lot on their minds these days, including thinking about whether or not to take one of the retirement options on the table. The reconciliation bill in Congress could ...
The House voted 215-214 along party lines early Thursday morning to pass its budget reconciliation package that includes a slimmer range proposed cuts to federal workers’ retirement benefits.
Republicans want to force new federal workers to choose between losing job protections and paying for them. One union ...
The controversial government tech task force is claiming credit for a digital breakthrough, but insiders say the Biden administration started building the project years earlier.
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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 Republican plan. The budget reconciliation bill would eliminate the Federal ...
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 ...
The proposal, which calls for hiking the required pension contribution for federal employees to 4.4% of salary, will now advance to the House Budget Committee. In April, Representative James Comer ...
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.
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