Will Congress change your federal retirement benefits?

Your Turn

Will Congress change your federal retirement benefits?

The Trump administration has submitted a legislative package that would, among other things, eliminate cost of living adjustments for current and future retirees.

June 6, 2018 7:34 am

< a min read

The Trump administration has submitted a legislative package that would, among other things, eliminate cost of living adjustments for current and future workers retiring under the Federal Employees Retirement System.

Under the White House plan the employee contribution to the FERS program would also rise one percent each year, over each of the next six years. It also proposes eliminating the FERS supplement which is a payment workers now get if they retire before age 62, when they are eligible for Social Security.

So what are the odds any of the proposed changes will happen this year? John Hatton, deputy director for Advocacy of the National Association of Active and Retired Federal Employees will outline the proposals and talk about their chances on this week’s Your Turn radio show. Listen live at 10 a.m. EDT on www.federalnewsradio.com or at 1500 AM in the D.C. area. The show will also be archived on our home page to hear anytime.