Mob. R Nome Amendment of Senator Mark Warner #2 Civil Service Retirement and the Federal Employee Retirement System Purpose This amendment creates a Deficit-Neutral Reserve Fund to preserve the retirement security of civil service employees. Cosponsors Kaine, Van Hollen Summary Since 2010, federal workers have been singled out to shoulder more than their fair share of the burden in budget negotiations. As the cost of living has risen and outpaced federal salary increases, our federal workers have contributed billions to deficit reduction through several years of pay freezes and increased employee retirement contributions with no additional benefits in return. On top of that, over 800,000 federal employees recently endured the longest government shutdown in modem history after being furloughed or compelled to work without pay for 35 days. Implementing further reductions in retirement benefits would significantly harm the retirement plans our federal employees made over the course of decades in public service ~ at a time when our nation is facing a retirement security crisis — and hamper the federal government's ability to attract and retain top talent. Text of Amendment SEC. xx. DEFICIT-NEUTRAL RESERVE FUND TO PRESERVE RETIREMENT, SECURITY OF CIVIL SERVICE EMPLOYEES ‘The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution, and make adjustments to the pay-as-you-go ledger, for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports related to preserving federal civilian service employees’ retirement security, which may include funding measures or other measures addressing the Civil Service Retirement System and the Federal Employee Retirement System, by the amounts provided in such legislation for those purposes, provided that such legislation would not inerease the deficit over either the period of the total of fiscal years 2020 ‘through 2024 or the period of the total of fiscal years 2020 through 2029.