FMA GRATIFIED BY INTRODUCTION OF FERS SERVICE CREDIT BUYBACK LEGISLATION - March 27, 2018
Alexandria, VA – Congressman Derek Kilmer (D-WA) introduced H.R. 5389 which would allow workers in the Federal Employees Retirement System (FERS) to make deposits for non-deduction federal service performed. Federal Managers Association (FMA) National President Renee Johnson made the following comments on the introduction of the legislation:
"On behalf of the managers and supervisors in the federal government whose interests are represented by the Federal Managers Association (FMA), including at Puget Sound Naval Shipyard, we extend our deepest thanks for and endorsement of this bipartisan legislation (H.R. 5389) introduced by Mr. Kilmer.
"The bill addresses a very real concern for many FMA members, and is an FMA Issue Brief upon which we have been focused. The legislation would enable current employees to buy back years served as temporary employees to credit toward their retirements, while also paying the government’s share as well. We understand this may be expensive for employees to utilize, however, it would provide them retirement options they do not currently have.
"FMA reiterates its appreciation to Mr. Kilmer and extends its gratitude to Congressman Walter Jones (R-NC) and Congressman Salud Carbajal (D-CA) for quickly cosponsoring the bill. We enthusiastically support H.R. 5389 and look forward to working with members of both parties in both chambers of Congress to ensure this good-government legislation gets signed into law.”