Tag: FERS
Going forward, the government will have to pay more – not less – to be competitive. A suggested revenue proposal that was initially included in Trump’s “one big beautiful bill” would increase the contribution that federal employees make to their defined benefit plan. Increasing the contribution rate might be a good idea if federal employees…
The cuts aren’t unreasonable, but could make it hard to hire talented people. I’m always on the lookout for proposed policies that affect pensions, and the president’s fiscal 2019 budget includes a number of proposals to reduce retirement benefits for federal civilian workers. The bulk of federal civilian workers are automatically covered by a defined-benefit plan –…
