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2020 Budget Again Targets Federal Employee Benefits

The budget also includes the same cuts to federal employee benefits rejected by Congress, including:  


The budget includes an increase in federal employee retirement contributions by 1 percent each year for five years, eliminating the cost-of-living adjustments (COLAs) for FERS and CSRS retirees and basing future retirement benefits on the average of an employee’s highest five years of salary instead of an employee’s highest three years of salary.  

The budget also includes the same cuts to federal employee benefits rejected by Congress, including:  an increase in federal employee retirement contributions by 1 percent each year for five years, eliminating the cost-of-living adjustments (COLAs) for FERS and CSRS retirees and basing future retirement benefits on the average of an employee’s highest five years of salary instead of an employee’s highest three years of salary.  The budget also includes requiring employees and retirees to pay more for the Federal Employees Health Benefits Program and reducing the interest rate on the TSP G fund.

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