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 overall average retirement age of federal employees who retired in FY2019 was 61.8 years old – almost old enough for the “real” Social Security retirement benefit, rather than the FERS ...

The measure included provisions requiring employees previously exempted from higher Federal Employees Retirement System contribution rates enacted a decade ago to begin paying 4.4% of their basic ...

• Main change: The bill would raise FERS (Federal Employees Retirement System) employee contribution requirements up to 4.4% of an employee’s salary, for all employees.

The most significant measure approved by the committee would raise the Federal Employees Retirement System contribution rate for many current civilian and postal employees to 4.4% of their salary.

Under the current system, contribution rates are determined by the year an employee started: 0.8% in 2012 and earlier; 3.1% if hired in 2013, and 4.4% if hired in 2014 and afterward.

If they want to retain workplace protections, however, the alternative would be to pay 5 percentage points more (for a total of 9.4%) into the Federal Employees Retirement System, even if they won ...