Feb 24, 2012

Federal retirement contributions: Q & A

"...Under a bill President Obama signed Wednesday evening, those newly hired into the federal government in 2013 and after, and who don’t have at least five years of prior federal service, will have to pay an additional 2.3 percent of salary toward their civil service retirement benefit. That means the total required contribution toward that benefit will be 3.1 percent of salary for most of them. Current employees would not be affected.

Here are some questions and answers on the issue..."

Read more at washingtonpost.com
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