I have a question about the math of the proposal. I am not trying to prove a point one way or the other; it is just a serious question.
My current understanding of how FERS contributions work is that the employee pays .8% of his salary into it and that the Government pays ~12% of the employee's salary into it. My understanding of the proposal is that FERS employees would be required to pay an increase of 5.2% of total salary for a total of 6% of their salary into FERS.
First, is that correct?
Second, under the proposal, what % of an employee's salary would the federal government pay into FERS each pay period? (Would it be 6% of salary by each?)
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