Friday, September 14, 2012

White House analysis of how “sequestration” or mandatory reductions would affect government operations

Article Title: Cuts could hit programs, federal employment
Snippet of Article: "...Earlier, the House passed a more wide-ranging package of spending cuts that would require all federal employees to pay an additional 5 percent of salary toward their retirement annuities, phased in over five years. The House also has endorsed steps including a 10 percent reduction in the federal workforce through attrition and extending the freeze on federal salary rates...."


Source: www.washingtonpost.com

[tag]Federal,Government,Military,Retiree, [/tag]