The long expected “retirement wave” of federal employees is beginning to materialize, with roughly 14 percent of feds eligible to retire today.
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The maximum buyout for federal employees to leave government service has not increased since it was first authorized in 2002, and Senate lawmakers are trying to change that.
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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.
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