The FED Transparency Act would make pension records subject to the Freedom of Information Act (FOIA) and require disclosure of certain information, including the name of the individual receiving the pension, the monthly annuity amount, total reported wages, and his or her retirement date. Even union stronghold states like California, New York, Illinois, and Oregon have similar pension transparency laws. It’s time for Congress to get on board.
The other aspect of the FED Transparency Act is the disclosure of performance bonuses awarded to federal employees. In most instances, bonuses to federal employees are disclosed after a FOIA request. However, when it comes to all performance bonuses, all of them are hidden.
The FED Transparency Act would require agency heads to submit reports to the Office of Personnel Management that describes each performance bonus within 30 days after the end of a fiscal year, the name of the employee receiving the bonus, and the amount of the bonus.
Taxpayers deserve transparency, and they have a right to know how their hard-earned tax dollars are spent. For these reasons, I urge you to contact your representative and ask him or her to cosponsor the FED Transparency Act, H.R. 3768.