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Congress & your pension plan: Should you be worried?

Congress & your pension plan: Should you be worried?

FromYour Turn with Mike Causey


Congress & your pension plan: Should you be worried?

FromYour Turn with Mike Causey

ratings:
Length:
43 minutes
Released:
Feb 27, 2018
Format:
Podcast episode

Description

In addition to a proposed pay raise freeze in January 2019, the White House and Congress are recommending that Congress do away with cost-of-living adjustments for both current and future retirees under the FERS program, which covers most feds still working.

They also want to, among other things, reduce the rate of return on the Thrift Savings Plan’s Government Securities Investment (G) fund, and base federal pensions for new retirees on the average of the highest five years of salary instead of the highest three.

So what do these proposals mean? What are the odds that any (or all) of them will be enacted into law this year? Or at some point in your career? Jessica Klement, staff vice president, advocacy; and Jill Talley, deputy director, public relations, from the National Active and Retired Federal Employees Association discuss. So what do these proposals mean? What are the odds that any (or all) of them will be enacted into law this year? Or at some point during your career? We’ll find out when we talk with Jessica Klement, staff vice president, advocacy; and Jill Talley, deputy director, public relations, from the National Active and Retired Federal Employees Association on this episode of Your Turn with Mike Causey. Your Turn airs Wednesday’s 10 a.m. ET at Federal News Radio or WFED 1500 AM.
Released:
Feb 27, 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.