Rep. Anthony Brown (D-MD-4) has introduced H.R. 3269, the Federal Employee Pension Act; a bill to repeal the increased FERS contributions for employees hired in 2013 and beyond. This legislation would return most federal employee contributions to the original 0.8%, from the recent hike up to 4.4%. You will recall that NTEU objected to those pension increases at the time, and we continue to object to any and all proposals that seek to increase FERS employee contributions. Former Congresswoman Donna Edwards introduced this NTEU-supported bill in past congresses.
NTEU is pleased that Congressman Brown is championing this bill, particularly at a time when others are seeking to move in the opposite direction. Federal employees have already contributed $182 billion to deficit reduction; more than their fair share. Passage of this legislation would at least remove the increased contribution burden from our newer employees, restore their take-home pay, and help in agency recruitment efforts.