Article Title: House GOP Group Envisions Massive Changes to Civil Service in Budget Proposal
Snippet of Article: "...White House plans to reduce retirement benefits for feds, including increasing employee contributions to the Federal Employees Retirement System pension by 1 percentage point per year over five years, eliminating cost of living adjustments for FERS employees, and reducing COLAs for employees in the Civil Service Retirement System.
It also included plans to base pension benefits on the highest five years of an employee’s salary, instead of the current high three, and it would eliminate the FERS supplement for federal employees who retire before Social Security kicks in at age 62..."
Source: www.govexec.com
