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February 9, 2012

GOP eyes federal pension cuts to pay for roads, transit projects

By JOAN LOWY
Associated Press

WASHINGTON — Federal employees would pay more toward their pensions and new employees would receive less generous retirement benefits under a House Republican plan to pay for highway programs.

The proposal, posted online Wednesday by the House Rules Committee, is intended to help make up a shortfall between federal gasoline tax revenues and the $260 billion that Republicans want to spend on highway construction and transit programs over the next four and a half years.


 
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