The decline of pensions has led to what Sanders and allies call an affordability crisis for older Americans. More than half of seniors live on less than $25,000 a year and have no retirement savings.

The new electronic retirement system promises a faster, more accurate process, but some users are still adjusting to the ...

The Civilian Human Resources Agency (CHRA) encourages Army civilian employees to begin retirement planning early to ensure a ...

Some experts say staff shortages might have complicated forecasters’ ability to coordinate responses with local emergency ...

"In the area of reducing benefits, Social Security has always been a system that's been kind of tilted towards the lower wage ...

The Senate parliamentarian has ruled that most proposals aiming to cut federal employees’ retirement benefits and civil service protections violated the Byrd Rule. This rule requires reconciliation ...

ROBERTO SCHMIDT via Getty Images When employees retire, they receive an annuity based on their length of service through the Federal Employees Retirement System, or FERS.

The jobs are not the most exciting, nor the best paid. Still, many federal workers stay for decades, in part because of the government’s retirement package, which far outpaces what most companies ...

The Federal Employees Retirement System, known as FERS, is often described as a three-legged stool. It includes a pension, a Thrift Savings Plan akin to a 401 (k), and — like nearly all U.S. workers — ...

If passed as is, the new law would reduce retirement benefits for some federal workers by eliminating the Federal Employees Retirement System annuity supplement, which allows workers to become ...

In a 215-214 vote, the House of Representatives passed President Donald Trump's "big, beautiful" budget reconciliation bill, including major proposed cuts to federal retirement benefits within the ...