Obama curbing the federal benefits?  Wally Erb reports that federal employees, by the time they pay higher health care premiums next year, will effectively be taking a pay cut.

The Office of Personnel Management (OPM) announced the average amount federal employees pay for their health care will rise 8.8% in. 2010.

The total average premium will increase 7.4% for plans in Health Benefits Program. That is $25.57 per pay period. The government will absorb $16.35 per pay period, increasing its contribution to employees' health care costs by 6.8%.   Read about the federal pay cut in Wally's World blog!

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