The Senate parliamentarian previously ruled that most of the proposals aimed at cutting federal employees’ retirement ...

The Federal Retirement Thrift Investment Board will put into effect a final rule recalculating how federal employees repay ...

The current federal employee retirement system, known as FERS, requires a 4.4% contribution from employees hired since 2014, with the rest covered by the government.

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 the ...

Instead, Social Security beneficiaries would see a cut of between 19% to 23% to their benefits, the report said. The current average Social Security benefit for a retiree stands at $1,976, which ...

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 the ...