Friday, January 13, 2017

Chaffetz committee plans broad agenda affecting federal workers

Chaffetz committee plans broad agenda affecting federal workers

Snippet of Article: "...Chaffetz wants retirement plans for new federal employees to move away from pensions, or “defined benefit” programs that rely on employer contributions, and lean more on employee funding through a system in which the government would make a “defined contribution.” Uncle Sam could even chip in more than he does to the 401 (k)-like personal investment program for federal staffers..."
Source: www.washingtonpost.com

Rep. Jason Chaffetz of Utah, New federal retirement plan idea, 401 (k)-like personal investment program,