46 min listen
Will Congress change your federal retirement benefits?
Will Congress change your federal retirement benefits?
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.
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)
Are changes coming to your retirement plan?: Are there people in your office who love their jobs and dread retirement but who are putting in their papers effective at the end of this month? Why are so many federal workers suddenly very nervous in the civil service? Some, maybe many,... by Your Turn with Mike Causey