House Approves New Benefits For Federal Retirees

Law360, New York (April 1, 2009, 12:00 AM EDT) -- The U.S. House of Representatives has passed a bill that would allow federal employees to receive credit for unused sick leave that would go toward their retirement payments, as well as enable workers to retire from and re-enter government service without losing the accrued annuity from previous employment.

On Wednesday, the House passed by a voice vote the Federal Retirement Reform Act, which would update the Thrift Savings Plan — the defined contribution retirement plan for federal workers — and enact other retirement reforms for federal...
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