Maryland Democrat Wants To Bring Retirement Contribution Back To 2012 Levels For All Feds
Maryland Democrat wants to bring retirement contribution back to 2012 levels for all feds
Another local congressman is trying another approach to convince his colleagues to give some federal employees more money in fiscal 2018.
Rep. Anthony Brown (D-Md.) introduced the Federal Employee Pension Act of 2017 that would repeal sections of the Middle-Class Tax Relief and Job Creation Act of 2012 and the Bipartisan Budget Act of 2013 that raised mandatory pension contributions of new federal employees to 4.4 percent.
By repealing specific provisions, federal employee pension contributions would roll back to 2012 levels, which set a mandatory contribution amount to 0.8 percent.
Brown said this would expand the net take-home pay for federal workers.
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