The 'One Big Beautiful Bill' could impact your finances through tax and social program changes. While it doesn’t directly ...

If passed as is, the new law would reduce retirement benefits for some federal workers by eliminating the Federal Employees Retirement System annuity supplement, which allows workers to become ...

Most federal employees starting the retirement process will be required to use it right away, with paper forms being phased out for others by July 15, according to a memo from acting OPM Director ...

Most federal employees starting the retirement process will be required to use it right away, with paper forms being phased out for others by July 15, according to a memo from acting OPM Director ...

In a 215-214 vote, the House of Representatives passed President Donald Trump's "big, beautiful" budget reconciliation bill, including major proposed cuts to federal retirement benefits within the ...

But, according to Government Executive, after pushback from lawmakers like Rep. Mike Turner (R-Ohio) and outcry from federal employee organizations, the latest draft backs off on several fronts.

House passes reconciliation bill that cuts federal employee retirement benefits Though Democrats were able to excise a plan to base federal retirees’ annuity payments on their highest five years ...

But, according to Government Executive, after pushback from lawmakers like Rep. Mike Turner (R-Ohio) and outcry from federal employee organizations, the latest draft backs off on several fronts.

How the Federal Employees Retirement System (FERS) Works Just like the employees of some small businesses and most large corporations, federal government workers are able to save money through ...

The new proposal would raise the retirement contribution rate “up to the new rate of 4.4% of their salary,” according to Rep. Comer. Presently, more than half of federal employees are paying ...

The bill advanced by the Oversight Committee includes raising all federal and postal employees’ retirement contribution rates to 4.4%. The current rates range depending on the employee’s date of hire ...

Moreover, the package would eliminate supplemental retirement benefits for those who retire before age 62 and are unable to yet collect Social Security, and give new federal employees the option ...