Budget deal entails higher pension contributions from future federal workers

(Andrew Harrer/Bloomberg) (Andrew Harrer/Bloomberg)

The budget deal announced Tuesday would require the federal government’s future hires to pay more than existing employees toward their retirement benefits.

The bipartisan plan, forged by Rep. Paul Ryan (R-Wisc.) and Sen. Patty Murray (D-Wash.), would save the government $6 billion in pension costs over 10 years by forcing federal employees hired after Jan. 1 to pay an additional 1.3 percent of their salaries toward retirement.

MORE: Budget deal protects current feds, while new workers will pay more toward retirement

Josh Hicks covers Maryland politics and government. He previously anchored the Post’s Federal Eye blog, focusing on federal accountability and workforce issues.

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