Sunday, November 5, 2023

Lawmakers revive bill to let ex-temps make catch-up retirement contributions

Lawmakers revive bill to let ex-temps make catch-up retirement contributions

Article Excerpt: "Currently, Federal Employees Retirement System employees who began their careers as temporary or seasonal workers must work longer to receive their full retirement benefits. ...The Federal Retirement Fairness Act (H.R. 5995),...would allow employees enrolled in the Federal Employees Retirement System who began their careers in government as temporary workers to make catch-up contributions to their defined benefit pensions to cover for the time before they had permanent positions and were unable to contribute to their retirement accounts. "



Resource: www.govexec.com

catch-up retirement contributions, The Federal Retirement Fairness Act (H.R. 5995),