Tuesday, May 17, 2011

Changing the Pension System

A factoid from today's Post article on possible changes: "About 80 percent of federal employees are under FERS."  That says to me about 20 percent of federal employees have 25+ years of service, because they're still under CSRS, and therefore wouldn't be affected by current proposals. 

As usual, I like to see graduated changes: if they do change the contribution percentage I'd either phase it in over a few years (particularly years without a pay freeze) and/or phase it in with new employees getting the full hit and the older employees taking the smaller hit. 

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