FMA COMMENTS ON INCREASES TO PENSION CONTRIBUTIONS - February 7, 2012
In pension calculations, proposed ‘high five’ is really a slap in the face
By Joe Davidson, Washington Post
workers could contribute more to their pensions thanks to legislation
calling for increases to employee contributions to the federal pension
system. Representative Dennis Ross (R-Fla.) introduced the Securing
Annuities for Federal Employees Act, H.R. 3813, calling for a 1.5
percent increase in employee contributions to be phased in over three
years, starting in 2013.
The Federal Managers Association called
this measure "an immediate decrease in the take-home pay of two million
hard-working Americans." The legislation will be marked up the
afternoon of February 7.