President Donald Trump’s proposed 1% across-the-board federal pay raise is an attempt to meet Congress “halfway” on the topic, as the administration also recommended more agency funding on employee performance rewards and bonuses.
Federal News Radio explains each of OPM’s proposed changes to the federal retirement system and details their outlook in Congress.
The Office of Personnel Management detailed several significant proposals that would impact the current federal employee retirement system.
Federal workers have worried that Congress will base their pensions on a less generous formula. Mike Causey says there’s nothing to worry about … yet.
Want to scare a retirement-age federal worker to death? Give him or her a high-five, as in the proposal to base their annuity on the employee’s highest five-year average salary and years of service.
“Un-American” was how the Federal Law Enforcement Officers Association described a bill to calculate retirement benefits according to an employee’s “high five.” Rep. Bruce Westerman (R-Ariz.) sponsored the measure.
One of the top job-related questions feds have is will they have time to retire this year before Congress changes retirement rules. Senior Correspondent Mike Causey says the answer is very likely yes, but there are more serious threats facing both workers and retirees.
The all-important pay and benefits package of federal and postal workers, and retirees, is under attack as never before. And while it is way too soon to panic, Senior Correspondent Mike Causey says you need to run down a checklist to see where things are. We’ve got a team of experts standing by.
Even the most rational, self-controlled federal and postal workers sometimes have nightmares about their jobs. Senior Correspondent Mike Causey says chief among them is the fear that Uncle Sam is going to change the rules, drastically reducing lifetime retirement payments.
If Congress and the White House change your retirement plan, asks Senior Correspondent Mike Causey, will it produce a tidal wave of retirements or will it turn your office in the government version of an adult day care center?