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Bill would switch federal pensions to "high five" system
Federal Times: Federal employees would see their pension calculations changed from the average of their highest three years of pay to the average of their highest five years of pay, under a new bill introduced March 4.
The legislation, introduced by Rep. Bruce Westerman, R-Ark., would go into effect Jan. 1, 2017 and would save $3.1 billion over a 10 year period, according to calculations by the Congressional Budget Office.
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