Federal Retirement

Federal employees should be required to have a 401k rather than a Federal Pension fund. The overall cost of pensions is too high and is much better than the rest of the country.

Pensions shall all be determined as of 2025 and each employee shall be notified of the amount they will be eligible for at the time of their retirement. Going forward, the federal government shall work off of a system similar to a 401 k where a portion of their salary can be invested with a match not to exceed 50% of the first 6% invested. The fund for the government shall be created by the top 3 investment firms (determined by assets).

This will eliminate ongoing federal liability AND put the federal government employees into the market supporting the economy.