Details of Pension Changes Revealed
Congress has passed the payroll tax cut extension agreement and the President is expected to sign it. But what exactly are the details of the agreement as they relate to federal pensions?
Congress has passed the payroll tax cut extension agreement and the President is expected to sign it. But what exactly are the details of the agreement as they relate to federal pensions?
Lawmakers have reached a final agreement on extending the payroll tax cut through the end of 2012. Part of the terms of the agreement will require future federal employees to contribute more toward their pensions to help offset the cost of extending unemployment benefits.
The Senate barbershop in DC used by some in Congress had a $300,000 operating deficit last year which prompted the Senate to give it some extra cash to sustain its operations. One former senator blames the shop’s federal employees for its financial problems.
The budget unveiled Monday by President Obama proposes to increase the contribution federal employees make towards retirement by 1.2% over three years beginning in 2013.
Congressman Reid Ribble (R-WI) has introduced a Constitutional Amendment that would limit the number of years a member of Congress can serve.
The House Oversight and Government Reform Committee has advanced Congressman Dennis Ross’ (R-FL) bill which would require federal employees and members of Congress to contribute more to their pensions.
Rep. Martha Roby (R-AL) has introduced legislation that would prohibit step increases for federal employees through the end of 2012. Senator Jeff Sessions (R-AL) has introduced companion legislation in the Senate.
Not to be outdone by the House, a group of Senators has introduced legislation that would extend the pay freeze on federal employees. The bill would also cut the size of the federal workforce through attrition.
The House voted late Wednesday to extend the pay freeze on federal employees and members of Congress for one year. How did each individual Representative vote?
What are the annual salaries of members of Congress and Congressional officials? With the approval ratings of Congress at record lows, many Americans may want to know if they are getting their money’s worth from members of Congress.