Problem description at:
http://bugzilla.kernel.org/show_bug.cgi?id=8048

Commit b18ec803
    [PATCH] sched: improve migration accuracy
optimized the scheduler time calculations, but broke posix-cpu-timers.

The problem is that the p->last_ran value is not updated after a context
switch.  So a subsequent call to current_sched_time() calculates with a
stale p->last_ran value, i.e.  accounts the full time, which the task was
scheduled away.
Signed-off-by: Thomas Gleixner <tglx@linutronix.de>
Acked-by: Ingo Molnar <mingo@elte.hu>
Cc: <stable@kernel.org>
Signed-off-by: Andrew Morton <akpm@linux-foundation.org>
Signed-off-by: Linus Torvalds <torvalds@linux-foundation.org>