May 03, 2019

New bill to help temporary federal workers save for retirement

A bipartisan pair of lawmakers want to give some federal employees a new retirement flexibility.  Congressmen Derek Kilmer (D-Wash.) and Tom Cole (R-Okla.) introduced the Federal Retirement Fairness Act. The bill would let participants in the Federal Employee Retirement System make catch-up contributions toward their annuities. Temporary employees generally can’t count their time in service toward their retirement annuities. This bill would allow employees in that position to credit toward their annuities for any work performed before 1989.


By:  Eric White
Source: Federal News Network