Among the package’s provisions, the bill would raise FERS (Federal Employees Retirement System) employee contribution requirements, up to a higher, new rate of 4.4% of an employee’s salary.

The largest proposal would increase revenues by $30.7 billion by requiring long-serving federal workers to increase their contributions into the Federal Employees Retirement System, or FERS, to 4. ...

House passes reconciliation bill that cuts federal employee retirement benefits Though Democrats were able to excise a plan to base federal retirees’ annuity payments on their highest five years ...

Currently, federal workers contribute to the retirement system based on their hiring date: 0.8% if hired before 2013, 3.1% if hired in 2013, and 4.4% for most hired since 2014.

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 ...

Though Politico reported that Senate Republicans explored amending its retirement proposal to require new employees to pay 15.6% of their paychecks toward FERS, with no at-will employment election ...

In a 215-214 vote, the House of Representatives passed President Donald Trump 's "big, beautiful" budget reconciliation bill, including major proposed cuts to federal retirement benefits within ...

Under the current system, contribution rates would be arranged according to the year an employee started: 0.8% in 2012 or before; 3.1% if hired in 2013, and 4.4% if hired in or since 2014.