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.

Until the 1970s, federal law did little to protect private-sector retirement benefits. But high-profile pension plan failures, including when Studebaker closed an auto plant in South Bend, Ind ...

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 ...

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 ...

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. ...

Despite a 15% staff reduction goal, VA Secretary Doug Collins says the VA is hiring about 1,000 employees on a biweekly basis ...

Senate bills would cut pay for federal employees working remotely by Gleb Tsipursky, Opinion Contributor - 09/03/24 9:00 AM ET ...

This was the Employee Retirement Income Security Act of 1974, which added bankruptcy-related protections for private-sector pension programs and eventually led to the creation of workplace 401(k ...

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 ...

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 ...

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 ...