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Republican Bill Would Offer Federal Health Plan to Seniors

In Mid-March, Republican lawmakers introduced legislation to replace Medicare with the health care plan currently offered to federal and congressional employees. The Congressional Health Care for Seniors Act would allow seniors to select any of the plans currently offered under the Federal Employee Health Benefit program, starting in 2014. Co-sponsors of the legislation include Sens. Rand Paul (R-KY), Jim DeMint (R-SC), and Mike Lee (R-Utah). Senator Lindsey Graham (R-SC) said "Medicare as we know it is a false promise....

Deal to Raise Employees’ Retirement Contribution

Federal negotiators stuck a deal in mid-February to significantly increase future federal employees' retirement contributions which will help pay for an extension is unemployment benefits. According to the American Federation of Government Employees, newly hired and rehired federal employees would have 3.1% of each paycheck put toward their Federal Employees Retirement System pensions. The current contribution rate is only 0.8%, so that amounts to a 2.3% increase. The increase will affect new hires and rehires beginning...

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