May 1, 2012

House Panel Approves Cuts to Pension Benefits
A House committee last week advanced a bill that would require federal employees to contribute an additional 5 percent of salary toward their pensions. The increase would be phased in over five years beginning in 2013.

NTEU President Colleen M. Kelley voiced the union's strong opposition to the bill in a letter to committee members sent in advance of the vote. "Make no mistake," she said, "an increased contribution towards one’s pension with no corresponding increase in benefits, is a pay cut." More