Pon defends retirement proposals at hearing
- By FederalSoup Staff
- May 17, 2018
Rep. Elijah Cummings, D-Md., calls recent retirement cut proposals, “draconian,” but OPM Director Jeff Pon contends that he is bringing federal retirement benefits into the 21st century with his plan, Federal Times reports.
At a House Committee on Oversight and Government reform hearing on May 17, Pon justified four proposals he recently sent to Congress that would cut or increase employee contributions to retirement benefits, noting that the federal workforce has changed and workers are more likely to change jobs every few years and benefits need to be more portable for people who leave government and then return.
However, lawmakers —including Cummings— said the proposals are nothing more than a wage cut and question how the expected $143 billion in cuts will help federal employees, the report notes.