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The American Federation of Government Employees (AFGE) is an American labor union representing over 750,000 employees of the federal government, about 5,000 employees of the District of Columbia, and a few hundred private sector employees, mostly in and around federal facilities.
The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2] FERS consists of three major components:
The basic retirement annuity under FERS is equal to the (Average High-3 Salary x .017 x Years of Service through 20 years)+(High-3 Salary x .01 x Years of Service over 20)= Annual Pension Members who began congressional service before 1984 and who elected to join FERS will receive credit under FERS from January 1, 1984, forward.
Sheria Smith, the president of the AFGE union at the Department of Education and a civil rights attorney at the agency, said department elimination was "on the lower end of concerns" because it ...
In congressional testimony before the House Oversight Committee last week, Cross noted that “there are 19 times more retirement-eligible workers over 50 than those under 30 in Federal IT ...
“When it comes to changes in working conditions that could impact union contracts, AFGE takes the position that such changes must be negotiated with the union through the normal collective ...
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
In its lawsuit, AFGE and the other unions, who collectively represent more than 800,000 federal civil servants, argue that the offer is contrary to law and OPM offers no statutory basis for it.