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Monday, May 22, 2017

6 percent pay cut over next six years? 2018 Budget Reportedly Targets Federal Retirement Programs

2018 Budget Reportedly Targets Federal Retirement Programs

Snippet of Article: "...will require federal workers to contribute an additional percentage point to the Federal Employee Retirement System each year until they match the federal contribution, likely within five to six years. The total increase in cost to employees would be around 6 percent at the end of the phase-in period. Additionally, the government would base the value of employees’ retirement benefits on the average of their highest five years of earnings..."

Source: www.govexec.com