Federal Managers Association

In the News

• FMA PRESIDENT WARNS OF PAYING FOR LEGISLATION WITH FEDERAL EMPLOYEES - February 17, 2012

• Congress approves pension hike for new feds

  By Kellie Lunney, Government Executive

  Federal employees hired after December 31, 2012, as well as those with less than five years of service, will be contributing more to their pensions in order to partially pay for the extension of the payroll tax holiday as well as unemployment insurance through 2012. The rate for these employees will rise by 2.3 percent, for a total of 3.1 percent. Current federal employees will not see changes to their contribution rates. Responding to the increase, Representative Elijah Cummings (D-Md.) stated, "Our federal employees are not a piggybank. We should not reach into their pockets every time we have to pay for something."

  Federal Managers Association (FMA) National President Patricia Niehaus expressed disappointment with the change commenting, "This legislation sets a dangerous precedent by sending the message that future civil servants can serve as the downpayment for legislation needing funding. Federal employees are not only being targeted in the name of deficit reduction, but now it seems Congress is willing to use them as a means to pay for any legislation.

  To read the full article, please visit: http://www.govexec.com/pay-benefits/2012/02/congress-approves-pension-hike-new-feds/41239/.

  
  

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