A new retirement option for feds

Wednesday - 7/11/2012, 7:01pm EDT

Your Turn with Mike Causey

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July 11, 2012 -- This week on "Your Turn", Stephen Losey of the Federal Times, joined host Mike Causey to talk about a brand-new phased retirement law now on the books.

Losey explained when the new law starts, how it will work, and the pros and cons for you and your agency. He also updated us on the status of plans to extend the federal pay freeze, bump your retirement plan contributions up 5 percent, and other legislation that politicians have drawn up for federal and postal workers and retirees.