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This new plan was enacted as the Federal Employees' Retirement Act of 1986. This act created the Federal Employees Retirement System (FERS), under which new Members of Congress are currently covered. When the FERS program went into effect, all Members elected in 1984 or later were automatically enrolled in the new plan.
Lawmakers on both sides of the aisle are calling on Senate Majority Leader Chuck Schumer to schedule a vote on the bill that would expand Social Security benefits to roughly 2.8 million retirees ...
Jul. 29—The Biden administration and U.S. Sens. Maggie Hassan and Jeanne Shaheen, both D-N.H., announced 72,000 workers and retirees, including 6,000 in New Hampshire, will have their pension ...
In a move that could significantly impact the retirement income of millions of Americans, a bipartisan group of U.S. lawmakers is pushing to repeal a set of Social Security rules that reduce ...
The Senate Centrist Coalition was a bipartisan caucus of moderate United States Senators. Founded by John Breaux (D-LA) and John Chafee (R-RI) in 1994, the group had 33 members by 2002. [ 1 ] It sought bipartisan agreements on issues, such as a balanced budget, welfare reform, and healthcare reform.
[5] [6] According to GovTrack, Senator Collins is the most moderate Republican in the Senate; GovTrack's analysis places her to the left of every Republican and four Democrats in 2017. [7] Another website, OnTheIssues.org, labels Collins a "Moderate Libertarian Liberal". It also gives politicians a "social score" and an "economic score".
A new bill has been introduced in Congress that would increase the annual cost of living adjustment (COLA) for retired federal employees under the Federal Employees Retirement System (FERS) in some...
The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2] FERS consists of three major components: