Congress is considering budgets that would

significantly hike employee retirement contributions

thereby drastically lowering takehome

pay, eliminate the FERS supplement,

base annuity calculations on a high-5 formula

rather than on the current high-3, eliminate

or reduce annual cost-of-living adjustments

(COLAs) to pensions, and transition employees

to just Social Security and the Thrift Savings

Plan by eliminating the FERS pension.

Past proposals have included reducing the

value of the Thrift Savings Plan G Fund, and

lowering the employer’s share of FEHBP premiums

(requiring employees and retirees to

pay significantly more for health insurance).

 

Click on the "Legislative Issues" button

to see the White House and Congressional specific

Proposals.

 

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