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02/16/2011 - 1:20pm
Federal worker's annuity checks shrinking

Due to increased federal withholding, federal workers will see a lower number on their annuity checks. Higher health insurance premiums and no cost-of-living adjustments for two years make this change even more noticable.

Retirees can affect the amount of their checks bu adjusting their federal tax withholding deductions at www.opm.gov/retire or by calling 1-888-767-6738. Be aware that changing the amount of withholdings will not change your tax liability.

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