Ten Republicans Urge Oversight Committee Chair Not to Cut Retirement Benefits for Feds

A group of 10 House Republicans sent a letter Wednesday to House Oversight and Government Reform Committee Chairman Trey Gowdy, R-S.C., urging him not to make any changes to federal employee retirement programs.

Last week, the House Budget Committee passed a fiscal 2018 budget resolution instructing Gowdy’s oversight committee to find ways to reduce the deficit by a minimum of $32 billion over the next 10 years, although the measure did not specify how to get to that target.

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The Trump administration’s fiscal 2018 budget proposal included a number of cuts to federal workers’ retirement programs, including increasing employees’ retirement contributions by 1 percentage point annually for six years and basing retirement annuities on the highest five years of a worker’s salary instead of the current three. It also would eliminate subsidies for Federal Employee Retirement System workers who retire before Social Security kicks in, eliminate cost of living adjustments for FERS employees and reduce COLAs for Civil Service Retirement System workers by 0.5 percent.

source: Ten Republicans Urge Oversight Committee Chair Not to Cut Retirement Benefits for Feds

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