NARFE NewsWatch MultiBriefs
February 22, 2012
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Congress approves hike to new feds' pension contribution
The Federal Times
On Feb. 17, Congress passed legislation that calls for a sharp increase in future federal employees' retirement contributions to help pay for an extension in unemployment benefits. It's part of a bill to extend the payroll tax holiday for most Americans. Under the deal, federal employees who are newly hired or rehired with less than five years of service beginning in 2013 would pay 3.1 percent of each paycheck toward their Federal Employees Retirement System pensions.More

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