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Will Congress change your federal retirement benefits?

Will Congress change your federal retirement benefits?

FromYour Turn with Mike Causey


Will Congress change your federal retirement benefits?

FromYour Turn with Mike Causey

ratings:
Length:
41 minutes
Released:
Jun 5, 2018
Format:
Podcast episode

Description

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 outlines the proposals and talks about their chances on this week’s Your Turn radio show. Listen live at 10 a.m. EDT Wednesdays on www.federalnewsradio.com or at 1500 AM in the D.C. area.
Released:
Jun 5, 2018
Format:
Podcast episode

Titles in the series (100)

Federal News Network Senior Correspondent Mike Causey discusses everything of interest to federal employees, from pay, benefits and retirement, to buyouts, COLAs and pay freezes.