Pon defends retirement proposals at hearing

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.

Reader comments

Mon, Jun 4, 2018

I've been in for a little over 20 years, and would have to do another 12 for retirement. Every day it seems like less of a reason to stick around to see how little there will be left of the retirment I have worked so hard to reach.

Tue, May 29, 2018

Mr.Pon are you going to be happy with reduced retirement benefits? Oh that wont matter since you will probably bolt before the next election! Thank you for your dedicated service to our civil servants. We can also thant Bush Jr, Clinton, Obama and this collection in power for looking after the hard working civil servants through cost increases in health insurance premiums, no cost of living adjustments and other dimwit ideas congress and senate have come up with.

Fri, May 25, 2018

They will never get rid of the inept management that demoralizes the hard working civil servants. Once the 50 billion ? in funds is allocated, management will carve it up among themselves, take lavish trips and abuse at the rank and file workers as usual.

Thu, May 24, 2018 SJ

DO NOT vote Republican! First NSPS, now this...I'm 429 days from retirement!

Thu, May 24, 2018

Bush Jr, Clinton, Gore, Trump, Obama raked the hides of hard working civil servants, it is a culture in DC to do so.Cogress and senate are also to blame, now it is time for term limits and vote all incumbents out.You donot see congress, senate or political apointees and management minions taking cuts in their pay.

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Edward A. Zurndorfer Certified Financial Planner
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