Reported about 14 hours ago
The House GOP is advancing a tax and spending package that aims to reduce federal employee pension benefits, requiring workers to pay higher retirement premiums and altering benefit calculations. The changes could save over $50 billion, with federal employees potentially paying a higher percentage into the retirement system while benefits would be based on the top five years of salary instead of three. This initiative is part of a broader legislative agenda intended to reduce the federal deficit and secure tax cuts.
Source: YAHOO