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Shows & Panels
Van Hollen: Protect feds' three-legged retirement stool
Monday - 2/27/2012, 9:11am EST
Rep. Chris Van Hollen (D-Md.) told The Federal Drive with Tom Temin that he and lawmakers who represent federal employees want to maintain this system for federal employees.
"It's certainly our goal to maintain all three legs of that retirement stool," Van Hollen said.
Current feds will not be affected by the change, but Van Hollen said targeting future feds is a "short-sighted approach." He said this provision could hurt federal recruitment.
"That's the danger and it's a real concern that was expressed by many of us who represent federal employees," Van Hollen said. "We urged our colleagues to take the long view here, which is we need to be able to continue to attract bright, young people to federal service. And if the compensation they receive in the federal government is not competitive with what they get in the private sector, the federal government will lose out over time."
Van Hollen added, "We do not want the result to be a federal government that can't perform its essential and important duties."