https://www.federaltimes.com/managem...-and-benefits/
The 2019 Presidential Budget is out. The following excerps were taken from the above FederalTimes article:
"The
2019 presidential budget proposal includes a pay freeze for federal employees for the federal fiscal year, and documents the administration’s intention to rely more on “pay for performance” structures than the standard pay increase schedule."
"Changes to federal employee retirement benefits include:
- Increasing employee contributions to retirement by one percent per year until it reaches 50 percent
- Elimination of the special retirement supplement
- Elimination of FERS cost of living adjustments and reduction of civil service cost of living adjustments by 0.5 percent"
Let the fun begin!!
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