Administration Adds Details to Benefit-Cutting Proposals
Snippet of Article: "...Elimination of Federal Employees’ Retirement System Annuity Supplements This proposal would amend section 8421 of title 5, United States Code, to eliminate the Federal Employees’ Retirement System (FERS) annuity supplement for new retirees and the supplementary annuity for survivor annuitants. The proposal retains language that requires OPM to apportion a FERS annuity ·supplement to a former spouse when a court order expressly divides a FERS annuity for purposes of annuitants who retain a FERS annuity supplement under prior provisions of section 8421. Also, the proposal retains language that requires OPM to reduce or eliminate an annuitant’s FERS annuity supplement based on earnings for those who retain FERS annuity supplements under prior provisions..."Source: www.fedweek.com
