Since we sent our recent members-only email on VERAs and VSIPs (didn't get it? Join here), we've had some followup questions regarding retirement. Here is the retirement eligibility information from OPM for people subject to the Federal Employees Retirement System (FERS).....Read More
Please join NTEU members from across the country as we rally at the U.S. Capitol for fair pay, a secure retirement, and respect.
The rally happens:
when: Thursday, March 2, 11:30 a.m. to 12:30 p.m.
where: U.S. Capitol, West Front Lawn
Use your lunch time to rally. Anytime over your normal lunch period is considered non-work time and should be accounted for through leave, credit hours, or other absence time.
We really need you to come for this. Now, more than ever it's important that EPA employees stand together.
The FERS retirement system is fully funded and financially sound with no unfunded liability. Today, FERS is frequently pointed to as a model by a diverse group of pension experts for its three-legged stool structure (defined benefit, defined contribution, and Social Security), and by workforce experts for meeting workers’ job portability needs. Federal employees contribute a portion of their pay toward their retirement to achieve an average FERS pension of approximately $1500 per month, a modest retirement income.
But since 2010, Congress has used the federal retirement program to help close the federal deficit, essentially cutting the take-home pay of new employees. Federal employees have contributed $21 billion to deficit reduction through increased retirement contributions.....Read More