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The ‘new deal’ for federal retirement: What the latest FERS proposals really mean for your benefits

Little by little, the proposals have become somewhat less devastating and a little more fair to employees who have been planning for retirement and were worried about the rules changing at the last minute. One of the most disturbing things that have been haunting pre-retirees was the proposal to change the basis of the FERS retirement benefit from the “high-three average salary” to the “high-five.” Thankfully, that is gone and there is no longer anything to worry about for now on that topic.

However, the elimination of the FERS supplement is still there, though it has been made less onerous.

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