Several members of Congress have declared the President’s proposed cuts to federal employee retirement “dead on arrival,” while at least one Republican has expressed more of an interest in developing a new system for prospective employees.
The Trump administration for the third consecutive year has recommended cuts to federal employee retirement and health benefits as part of its 2020 budget request.
Automatic General Schedule step increases, the lengthy federal hiring process and the retirement supplement for certain employees are among the issues Sen. James Lankford (R-Okla.) has highlighted in his annual waste book.
In its 2019 spending proposal, the House Budget Committee wants federal employees to contribute more toward a defined benefit retirement plan, while ending the Social Security supplement for those who retire before age 62.
Federal News Radio explains each of OPM’s proposed changes to the federal retirement system and details their outlook in Congress.
Senior Correspondent Mike Causey says Trump should keep his hands off the federal retirement program, at least if he wants to stay in power.
Senior Correspondent Mike Causey says the budget proposal could eliminate the so-called Social Security supplement now available to feds who are forced to retire earlier because of stressful, dangerous jobs.
Looking for something to take your mind off the pending pay freeze extension? If so, consider the prospect of higher taxes, lower take-home pay and higher health insurance premiums, Senior Correspondent Mike Causey says.