The House yesterday passed a budget that hikes federal employees’ retirement contributions by 5 percent, which translates to an effective cut in take-home pay. If that becomes law, what would it mean for you? Would it change how much you invest in the Thrift Savings Plan? Or would you go so far as to bail out of the pension system — leave the federal service before retirement and get your FERS contributions refunded, with interest? (See “If You Leave Before Retirement Age” on this page for more details.)
Write me at firstname.lastname@example.org if you’d like to talk further. If you prefer to stay anonymous, that’s fine.