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2018 Budget

by admin on 4th-November-2017

Washington, D.C.—When Congress narrowly passed the 2018 budget last Wednesday, it set the stage for tax reform, with cuts to federal compensation and retirement benefits totaling $163 billion over ten years. 

The budget resolution will change the formula for government contributions to the Federal Employee Health Benefits Program by tying government increases to retirement contributions to the rate of inflation. As a result, federal employees will be required to contribute more to their retirement.

Category: News Brief.
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