Negotiations over a proposed 1.9 percent pay raise for civilian federal employees have stalled in Congress, even as many agencies secure full-year appropriations for the first time in decades.
After several years of premium rate increases that reached as high 6.4 percent, participants in the Federal Employees Health Benefits Program will see more modest increases in 2019.
The White House has revived old proposals to make feds pay more for, and get less from, their retirement package while also eliminating a gap payment for workers who retire before age 62, even if they are required to do so.
NARFE president Richard Thissen and Federal News Radio reporter Nicole Ogrysko join host Mike Causey on this week’s Your Turn to discuss proposed changes to the federal retirement system and the odds that any of them will become law this year. May 9, 2018
The Office of Personnel Management detailed several significant proposals that would impact the current federal employee retirement system.
Union leaders differ on the new Postal Service Reform Act introduced in the Senate, which is meant to make the USPS more financially stable but could have ramifications for employees’ health care.
The Senate on Wednesday night confirmed both Jeff Pon and Michael Rigas to serve as director and deputy director for the Office of Personnel Management.
Unlike previous two-year, bipartisan budget agreements, the Senate’s latest deal does not use higher federal employee retirement contributions as an offset to a $300 billion spending boost over 2018 and 2019.
Despite dire news regarding their pay and pension plan, there may be light at the end of the tunnel for feds, if they choose to flex their political muscle.
The House will likely pass a budget resolution that would reform civil service pensions to reduce the federal deficit by $32 billion over 10 years.