Feb 16, 2012

OPM defends benefits & pay proposals

"...Office of Personnel Management Director John Berry Wednesday defended the administration's decision to offer both a 0.5 percent pay raise and a 0.4 percent increase in the amount federal employees will pay toward their retirement pensions in fiscal 2013.

"The President recognizes, for example in retirement, the world has shifted since the retirement system was last reformed in 1985," Berry said in an interview with Federal News Radio. "That was the major change from the Civil Service Retirement System to the new Federal Employees Retirement System..."

Read more & listen at federalnewsradio.com
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