Jan 26, 2012

Federal Retirement Benefit Cuts Debated

"...A House panel continued debate Wednesday on plans to tighten up pensions for both federal workers and members of Congress.

Proposals to cut a defined pension plan under the Federal Employees Retirement System drew the ire of congressional Democrats and labor union groups, while suggested reductions to lawmaker benefits were more warmly received at a House Oversight and Government Reform Subcommittee on the federal workforce Wednesday. "It is clear that the federal taxpayer cannot afford the current federal pension cost structure in the long term," said Rep. Dennis Ross, R-Fla..."

Read more at govexec.com
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