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.