Washington, D.C.—The National Treasury Employees Union (NTEU) endorsed a House bill today that would end a congressional mandate under which recent and new federal hires must make bigger pension contributions than long-time employees.
Congress raised Federal Employees Retirement System (FERS) contributions for new hires in 2012 to help pay for an extension of unemployment insurance, and again in 2013 to help offset spending as part of a budget agreement. FERS, which covers most federal workers, is considered a model pension program for many reasons, including the fact that it is adequately funded