FEW Salutes House for Passing Legislation with Federal Worker Provisions; FERS Sick Leave Credit and FERS Redeposi... ( WASHINGTON April 1 -- Federally Empl...)

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FEW Salutes House for Passing Legislation with Federal Worker Provisions; FERS Sick Leave Credit and FERS Redeposit Approved

Date:4/1/2009

WASHINGTON, April 1 /PRNewswire-USNewswire/ -- Federally Employed Women (FEW) salutes the House of Representatives for approving legislation (HR 1804) that included two very important federal worker provisions. An amendment was offered by Federal Workforce Subcommittee Chairman Stephen Lynch (D-9-MA) to include the Federal Employees Retirement System (FERS) Sick Leave Credit (HR 958) legislation during a previous mark up of the bill. Subcommittee member Rep. Gerry Connolly (D-11-VA) offered the FERS Redeposit Act amendment (HR 828). "We sincerely appreciate this support of federal workers," stated Sue Webster, FEW's National President. "Our organization remains concerned about the large numbers of retirements expected over the next five to eight years, and these bills will help attract and retain new workers, as well as offer retirees an incentive to return temporarily to the federal workforce to help train these new employees," Webster added.

According to the Government Accountability Office (GAO), thirty-three percent of all federal workers are now eligible or will be eligible within eight years to retire. Further, roughly 60 percent of the government's 1.6 million white-collar employees and 90 percent of 6,000 executives will reach retirement age by the year 2017.

Employees under the FERS receive no compensation for their unused sick leave when they retire. (In contrast, employees covered under the Civil Service Retirement System [CSRS] are credited for unused sick leave when they retire.) The FERS Sick Leave Credit would provide the exact same benefit to FERS employees that CSRS employees currently have. Accrued sick leave at the end of a federal career will be added to the years of service an employee has worked in order to calculate retirement benefits.

The FERS Redeposit Act would allow individuals who return to government service after receiving a refund of retirement contributions to re-enter without
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FEW Salutes House for Passing Legislation with Federal Worker Provisions; FERS Sick Leave Credit and FERS Redeposi...( WASHINGTON April 1 -- Federally Empl...),Health