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House OKs federal pension hike as part of fiscal-cliff alternative

The House approved a bill Thursday requiring federal employees to contribute more toward their retirement as part of a broader deal to avert the the so-called fiscal cliff. The 2012 Spending Reduction Act is nearly identical to a measure passed by the House last spring.

Tags: fiscal cliff , sequestration , pay and benefits , retirement , budget , FERS ,

Thursday - 12/20/2012, 07:12pm EST