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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.
House committee proposes plan to cut back on federal employee pensions. The biggest change would be for employees to pay a higher retirement contribution rate of 4.4% of their salary, according to ...
But, according to Government Executive, after pushback from lawmakers like Rep. Mike Turner (R-Ohio) and outcry from federal employee organizations, the latest draft backs off on several fronts ...
House GOP revises proposed spending cuts targeting federal employee retirement benefits, ... the House GOP's reconciliation bill sought to force pre-2014 federal hires to pay significantly more ...
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 ...
Since federal employee pensions are too generous compared to the private sector, "the House Oversight Committee is taking a critical step to advance President Trump’s America First agenda and ...
Moreover, the package would eliminate supplemental retirement benefits for those who retire before age 62 and are unable to yet collect Social Security, and give new federal employees the option ...
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. ...
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 by Elon Musk ...
House Republicans are looking to make several big adjustments to federal workers’ retirement benefits to help pay for the party’s sweeping tax and spending cuts package.
GOP wants federal workers to retire while making it harder to plan. The rules keep changing, heightening the uncertainty for individuals trying to make an informed decision on whether to quit or stay ...
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