Federal Managers Association

In the News

• Proposed retirement cuts cast renewed pall over deferred resignations - May 5, 2025

• Federal workers who accepted President Trump and Elon Musk’s so-called ‘fork in the road’ fear Republicans have “pulled the rug out from under” their retirement plans.

  Erich Wagner, Government Executive

  The advancement of a series of proposals to cut federal workers’ retirement benefits in the House this week has revived long-simmering worries about the Trump administration’s deferred resignation program among employees who have accepted or are still considering the so-called ‘fork in the road.’

  The House Oversight and Government Reform Committee voted mostly along party lines Wednesday to advance its portion of Republicans’ budget reconciliation legislation, a broad effort to reduce spending to help pay for tax cuts for the wealthy and expanded defense and immigration enforcement.
  
  Included in the panel’s proposal are plans to reverse Congress’ decision in the 2010s not to require employees hired prior to 2014 to contribute more to their defined benefit annuities, known as the Federal Employees Retirement System. All FERS enrollees would be required to contribute 4.4% of their basic pay each paycheck toward their pension, and new hires would be required to elect between paying an additional 5% of their salaries toward their retirement benefits or waiving their civil service protections and serving at-will.

  To read the full article, click here.

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