Federal Pension Hike Approved by Congress

"...New federal hires will have to pay 2.3 percent more toward their government pensions under a deal Congress approved Friday to extend the payroll tax holiday.

Federal employees hired after Dec. 31, 2012, and those with less than five years of federal service must contribute an additional 2.3 percent for a total of 3.1 percent to their defined benefit plan to help pay for a yearlong extension of unemployment benefits. The measure also applies to new congressional employees and newly elected members of Congress. Under the plan, current employees -- most of whom contribute 0.8 percent now to their defined benefits under the Federal Employees Retirement System -- would not see their contribution rate rise..."

Read more at govexec.com

Nonprofit Jobs for Retirees

"...Ruffin has the cushion of a federal government pension, but she didn't want to sit home indefinitely. "I developed a lot of good skills over the years, and..."

Read more at aarp.org

Pension delays getting worse

"...The Office of Personnel Management's backlog of pending retirement claims has grown 58 percent since Director John Berry pledged more than a year ago to pay retirees their full pensions more quickly..."

Read more at federaltimes.com