Though Democrats were able to excise a plan to base federal retirees’ annuity payments on their highest five years of salary, rather than the current high-3, proposals to eliminate the FERS supplement ...

Some proposed benefits cuts were removed from the Senate version of the GOP reconciliation bill. But plans to gut workforce ...

Federal retirement has been a hot topic on Capitol Hill lately, with proposed changes sparking plenty of questions. Here’s a ...

Upon completing their probationary period, they must choose between continuing to pay a higher contribution to their Federal ...

Still, critics of the bill argue workers should be aware of changes that may impact their retirement preparedness, whether they're looking to work for the government or are about to retire from it.

Image source: Getty Images. The Federal Employee Retirement System (FERS) is a retirement plan for U.S. civilian employees who work within the government. It has an interesting and unusual ...

As part of Trump's "Big, Beautiful Bill," the House voted to end a retirement supplement aimed at helping federal employees ...

The Senate draft of the new tax bill cut retirement provisions in the House bill that would have reduced current federal workers’ retirement benefits, but added a provision that would reduce benefits ...

The proposal mirrors a House plan that would undermine civil service protections and give a president like Trump more power ...

Social Security is a cornerstone of retirement planning for millions of Americans, providing a vital safety net for seniors, ...

including major proposed cuts to federal retirement benefits within the Federal Employees Retirement System (FERS). What Happened: The House's budget package, determined mainly along party lines ...

The Federal Employees Retirement System, known as FERS, is often described as a three-legged stool. It includes a pension, a Thrift Savings Plan akin to a 401(k) and — like nearly all U.S ...