GOP lawmaker wants to change federal pension calculations
Federal employees don’t like the idea, but they could see the way their pensions are calculated change from an average of the highest-paid three years to an average of the highest-paid five years.
That’s the proposal from Rep. Bruce Westerman, R-Arkansas, who has introduced H.R. 1230, legislation that would make the change beginning Jan. 1, 2017.
According to calculations made by the Congressional Budget Office, the change would result in savings of $3.1 billion over 10 years.