A provision to move to a “high-5” annuity calculation was struck from the House-passed reconciliation bill. But other ...

Though Democrats were able to excise a plan to base federal retirees’ annuity payments on their highest five years of salary, ...

In a 215-214 vote, the House of Representatives passed President Donald Trump's "big, beautiful" budget reconciliation bill, ...

After the House Budget Committee advanced the One Big Beautiful Bill on Sunday, lawmakers met Monday to lessen some cuts to ...

House Republicans have revised key parts of their proposed spending cuts targeting federal employee retirement benefits, ...

Congress is proposing cuts to federal retirement benefits, including eliminating the FERS Annuity Supplement and changing the ...

A GOP proposal could push federal workers to retire early to avoid pension cuts, but as the rules keep changing, planning is ...

"It's just frustrating how they're applying this to people in some of these positions and so close to retirement," said John ...

The Federal Employees Retirement System (FERS) is a defined-benefit retirement plan for civilian employees of the U.S. federal government. What Is the Federal Employees Retirement System (FERS)?

The FERS basic retirement benefit often includes a “supplement” to take the place of a Social Security retirement benefit when an employee retires with an unreduced, immediate benefit ...

The FERS change could reduce take-home pay for certain workers considerably. For someone at the bottom end of the federal pay schedule making just under $28,000 a year, the increased contributions ...

South_agency / Getty Images The Federal Employees Retirement System (FERS) is a retirement plan that covers all employees in the executive, judicial, and legislative branches of the federal ...