Bill May Require Feds to Contribute 5 Percent to Pensions

A bill that would require federal employees to contribute 5 percent of their salary toward their pensions has advanced another step forward. The House Oversight and Government Reform Committee voted 19 to 15 in favor of the bill that would make employees contribute and additional 1.5 percent of their salary in 2013, an additional 0.5 percent in 2014 and an additional 1 percent in calendar years 2015-2017. Federal employee organizations said the bill was unfair to federal workers. Read more (Federal Daily).