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.

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.