Q. Will current federal workers be required to increase their contributions to the retirement, or will it be for “new hires” forward? Also, is there a 20 percent reduction in retirement benefits to take effect in 2015?
A. If you were employed before the law changed to increase retirement contributions for new hires, your retirement contributions will remain the same as they were. While there are various proposals to alter future retirement benefits, none of them have become law.
