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The proposal to raise the Federal Employees Retirement System (FERS) contribution rate to 4.4 percent is also opposed by NARFE. The organization views this as an effective pay cut.
The new proposal would raise the retirement contribution rate “up to the new rate of 4.4% of their salary,” according to Rep. Comer. Presently, more than half of federal employees are paying ...
Although pitched as a chance to receive “higher take-home pay,” the proposal would institute a 5 percentage-point hike in employees’ FERS contribution to 9.4% of basic pay, unless the new ...
Example: While additional details are needed to fully analyze the tax impact to an employee of the introduction of a cap on the amount of employer-provided health coverage that may be provided on ...
The House proposal to eliminate the exclusion of lodging and meals is estimated to bring in $87 billion over 10 years. Military personnel would be excluded from this elimination.