Monday, May 22, 2017

Budget will seriously screw FERS employees nearing retirement, as well as hurting CSRS retirees

Article Title: Trump’s 2018 Budget Reportedly Targets Federal Retirement Programs
Snippet of Article: "...The plan also eliminates cost of living adjustments for current and future FERS employees, and it would cut Civil Service Retirement System COLA adjustments by 0.5 percent...eliminate supplemental payments for FERS employees who retire before Social Security kicks in at age 62, beginning for those who retire in 2018...average of their highest five years of earnings, instead of the highest three years. This effectively would reduce payments for retirees..."


Source: www.govexec.com

[tag] Federal Employee News, Federal Civil Service, [/tag]