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OPM submits 4 familiar retirement proposals to the House for consideration
Federal News Radio: The Office of Personnel Management has submitted several proposals that would significantly change the existing retirement system for current and future federal employees.
In a letter to House Speaker Paul Ryan (R-Wis.), OPM Director Jeff Pon outlined four major recommendations. Ultimately, the proposals would require current and future federal employees to contribute more to their retirement.
The legislative proposals would have the deepest impacts on Federal Employees’ Retirement System (FERS) participants, but Civil Service Retirement System (CSRS) participants would feel some effects as well.
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