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Federal Managers Association

In the News

  • Friday, March 06, 2015
  • LEGISLATION TO SHIFT FROM HIGH-3 TO HIGH-5 INTRODUCED IN HOUSE – March 6, 2015
  • Legislation Introduced to Cut Federal Pensions

    By Ian Smith, FedSmith

    Freshman Representative Bruce Westerman (R-AR) introduced legislation (H.R. 1230) this week to use an employees’ high five earning years, instead of the current high three, to calculate pension benefits. FMA opposes this measure, which would take effect on January 1, 2017. The bill would save the government an estimated $3.1 billion over ten years.

    To read the full article, please click here

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