Skip to content

Senators tell OPM to drop federal retirement cuts

June 21, 2018

From the Military Times website

A group of 26 senators called for the Office of Personnel Management to drop its pursuit of retirement benefit cuts for current and future federal retirees in a June 13 letter to OPM Director Jeff Pon.

“Together, the proposals you have made would cut $143 billion over 10 years from federal employee retirement programs, while offering nothing to employees in their place. We fear that these cuts are motivated by an ongoing effort to balance the budget on the backs of federal workers rather than an effort to provide a comprehensive approach to modernizing federal employee compensation,” the senators wrote.

OPM sent a letter to House Speaker Paul Ryan in early May, requesting that Congress pass legislation to eliminate annuity supplements, alter the calculation of annuities, increase federal employee retirement contributions and reduce or eliminate cost-of-living adjustments for federal retirees.

Learn more

From → Benefits

Comments are closed.