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Jessica Klement, Legislative Director, NARFE

Rep. Bruce Westerman (R-Ark.) is proposing a bill to change how to calculate cost of living adjustments for federal pension plans. The high-five method would fa...

Federal News Network Staff

March 10, 2015 4:36 pm

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wfedstaff | April 18, 2015 2:57 am

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Rep. Bruce Westerman (R-Ark.) is proposing a bill to change how to calculate cost of living adjustments for federal pension plans. The high-five method would factor in the five highest-earning years of service instead of three years. The Congressional Budget Office says it would save the federal government $3.1 billion over 10 years. Jessica Klement is legislative director of the National Active and Retired Federal Employees Association. On In Depth with Francis Rose, she offered her take on the bill.