FMA LEGISLATIVE PRIORITY INTRODUCED IN CONGRESS - MAY 3, 2019
Bill Would Allow Catch-Up Retirement Contributions for Former Temporary Federal Employees
By Scott Thompson, My Federal Retirement
House Representatives Derek Kilmer (D-WA) and Tom Cole (R-OK) introduced Thursday legislation that would ensure federal employees who started their careers as temporary workers — meaning they did not have the ability to make retirement contributions — are granted the opportunity to make catch-up retirement contributions so that they can retire on time.
“FMA strongly endorses Representatives Kilmer and Cole’s leadership and bipartisan effort to allow FERS employees to buy back temporary time,” said Renee Johnson, National President of the Federal Managers Association. “Our members fully understand they would be responsible to bear the bulk of the costs, but welcome the opportunity to buy back this time and be rewarded for their years of hard work. This solution would provide an excellent option for many feds, especially those who were ‘temporary’ for many years. We urge Congress to consider and pass this legislation.”