
Pensions
Cuts Proposed to Fed Retirement Intend to ‘Align with Private Sector’
Trump administration’s FY 2021 budget proposal includes mitigations to benefits paid out to beneficiaries, higher contributions.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Sharp drop due to 43% rise in Q1 disbursements, and additional benefit for retirees.
Five funds apply to the Treasury Dept. to have benefits reduced for their members.