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OPM proposes retirement changes

On May 4, Office of Personnel Management (OPM) Director Jeff Pon sent a letter to Speaker of the House Paul Ryan making four legislative recommendations that, if enacted, would require current and future federal employees to make larger pension contributions, and also would scale back retirement benefits for current retirees. The proposals would mainly affect Federal Employees’ Retirement System (FERS) employees; Civil Service Retirement System (CSRS) participants would be affected to a lesser extent.

OPM’s proposals reflect the White House’s last two budget requests, which called for:

The White House has called on Congress to adopt these changes and while it has yet to do so, these proposals can come up throughout the remainder of the 115th Congress, so letter carriers should be prepared.

“These proposals are nothing but a blatant attack on postal and federal workers,” NALC President Fredric Rolando said. “We will do everything in our power to prevent Congress from putting the burden of paying for federal spending on the backs of letter carriers, other federal employees and retirees.”