Retire Sooner

GOP to Federal Workers: Retire Sooner; But Don’t Count on a Clear Path

House Republicans have introduced a proposal that would significantly alter federal workers' retirement benefits. Key changes include higher FERS contribution rates, the elimination of the FERS annuity supplement, and adjustments to how annuities are calculated. These reforms are part of a broader budget package aimed at reducing federal spending. Federal workers should review their retirement plans and consider preparing for these changes by saving more and delaying retirement.