Congress is turning to federal pay and benefits to find cost-savings. To sort out all the proposals for you, Federal News Radio compiled a list of the bills that could affect your compensation. This list will be updated regularly with status changes and the addition of new bills.
Impact on feds
RAISE PENSION CONTRIBUTIONS FOR FUTURE FEDS
Increases contributions to pensions for new federal employees by 2.3 percent. Affects employees hired after Dec. 31, 2012, and anyone who returns to a federal job after this date who has less than five years of federal service. Does not affect current feds. The increases would pay for jobless benefits as part of the payroll tax cut extension plan. Read the story
H.R.3630 (conference committee report) Rep. Dave Camp (R-Mich.)
Reported to the House amended on Dec. 19, 2011. Introduced in Senate on Sept. 22, 2011.
INCREASE PENSION CONTRIBUTIONS
-Feds contribute 1.5 percent more to pension. -End FERS annuity supplement for feds who retire before age 62. -New hires pay 4 percent of salaries toward retirement -New hires’ annuity calculated by high-five (not high-three) formula. -Originally part of larger transportation bill, H.R. 7. Read full story.
Passed House and referred to Senate Homeland Security and Governmental Affairs Committee on Nov. 30, 2011.
EXTEND BENEFITS TO SAME-SEX COUPLES
Extends benefits to same-sex partners of federal employees. Read full story.
S.1910/H.R.3485 Sen. Joe Lieberman (I-Conn.), Rep. Tammy Baldwin (D-Wis.)
Referred to the Senate Subcommittee on Courts, Commercial and Administrative Law on Dec. 2, 2011.
FREEZE PAY THROUGH 2013
– Extends the federal pay freeze for another year, through fiscal year 2013. This means your pay would remain at fiscal year 2010 levels through Sept. 30, 2013. – Cuts federal workforce by 10 percent no later than October 1, 2020.
Referred to Senate Committee on Homeland Security and Governmental Affairs on May 9, 2011.
REDUCE DRUG COSTS
– Requires greater transparency over pharmacy benefit managers in the Federal Employees Health Benefits Program (FEHBP). – Prohibits a drug carrier from paying a pharmacy benefit manager more than the average manufacturer’s price for any drug. Read full story.
Referred to House Committee on Ways and Means on Feb. 15, 2011.
CHANGES FEGLI PAYMENTS TO LUMP-SUM
Changes the default payments for the Federal Employees Life Insurance Program (FEGLI) to a lump-sum. The bill responds to concerns that the current payments to beneficiaries are put into accounts that are not federally insured. Read the full story.
Hearings held in committee on Homeland Security and Governmental Affairs on Sept. 6, 2011.
PREVENTS PEOPLE WHO OWE TAXES FROM BEING FEDERAL EMPLOYEE OR CONTRACTOR
Prohibits a person with “seriously delinquent tax debt” from being a federal employee or contractor. A “seriously delinquent tax debt” is an outstanding tax debt for which a notice of lien has been filed in public record, according to a release from the committee.
H.R.828 and S.376 Rep. Jason Chaffetz (R-Utah) and Sen. Tom Coburn (R-Okla.)
House bill placed on the Union Calendar on June 23, 2011. Senate bill referred to Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia on May 9, 2011.
REMOVES PENSION FOR INTEL FEDS WHO LEAK INFO
Current and former intelligence employees will lose their pensions if they leak classified information. Feds not in the intelligence community could also lose their pensions if convicted of espionage, treason, sabotage or conspiracy. Feds would still be able to retain contributions to a pension plan and the Thrift Savings Plan and social security benefits. Read the full story.