nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqmm35vqtgdg3mw4v9vsvxuaapxhsapr4vpxj5yu94jegxx85alxes38yz28 (nprofile…yz28) The disincentives have been piling up for a while. For instance, up until 2013, a fed was required to contribute 0.8% (i.e., .008) of their gross pay each pay period toward their retirement pension. Congress jacked that up to 3.1% for 2013 hires & then 4.4%(!) for anyone hired starting in 2014.
That’s not money paid into a 401k (rather, the USG version, TSP). And it doesn’t mean those newer employees get bigger pensions. It’s just a big haircut on a gov’t salary.