Good Morning
Hope everyone is having a good weekend. Some news to share, according to reporting by Federal News Network, (former) OPM Director Jeff Pon has resigned abruptly, and a replacement has been named. Links discussing this are here:
Readers will recall that OPM Director Pon was a key proponent of numerous changes to federal employee benefits, which I discussed on my May 20, 2018 post
Amongst Pon’s proposals, were:
- Eliminating Federal Employees’ Retirement System Annuity Supplements
- Modifying Annuity Supplements From a High 3 Average to High 5 Average Salary
- Increasing Contributions to Federal Employees Retirement System
- Reducing or Eliminating Retirement Cost-of-Living Adjustments
Readers will recall reporting both here and via Dan Jamison’s FERS Guide, that these initiatives seemed to have stalled out in recent months. My post (before Pon’s departure) on May 20, 2018 outlines six reasons why I believed it will be hard to accomplish those proposals.
In sum, after spending seven months at OPM, Mr. Pon is no longer at the agency.
-Bill Pritchard
