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Politics And The Markets 05/13/25

Trump isn't the only one targeting federal employees. House Republicans are pushing cuts to pension benefits | CNN Politics

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After months of contending with the Trump administration's multipronged effort to downsize the federal workforce, government employees are now facing the possibility of another major change that could push even more of them out the door.
The article from CNN dated May 10, 2025, discusses a proposal by House Republicans to reform federal employee pension benefits as part of broader efforts to reduce government spending. The plan aims to transition new federal employees to a defined contribution retirement plan similar to a 401(k), moving away from the current defined benefit pension system. Proponents argue that this change will align federal workers' retirement plans with those common in the private sector, potentially saving the government billions of dollars over time. Critics, including federal employee unions and some Democrats, contend that the move would undermine the financial security of federal workers and could deter people from entering public service. The proposal is part of ongoing budget negotiations and faces significant opposition in the Senate.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/10/politics/federal-employee-pension-benefits-republicans ]