Feds saved from retirement cuts in 2018 budget resolution with House vote

Article Excerpt: "...The House had included those instructions in its version of the budget resolution that cleared the chamber earlier this month. The original House proposals were vague, but potential changes would likely include higher employee contributions to the federal defined benefit pension plan, an elimination of supplemental payments to employees who retire before age 62 and a move to a defined contribution pension plan for new federal employees..."

Resource: federalnewsradio.com

Will politicians steal part of your retirement from you to give the wealthy more tax breaks? House Republicans want to

Senate Budget Plan Silent on Potential Retirement Changes

Article Excerpt: "... the House version ordered its counterpart committee to produce $32 billion in savings over 10 years through steps such as raising the required retirement contribution and eliminating the “special retirement supplement” paid to those who retire under FERS before age 62 until they reach that age and become eligible for Social Security..."

Resource: www.fedweek.com