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12:36 am, March 28, 2015

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House GOP budget calls for increase in feds' retirement contributions

House Budget Committee Chairman Tom Price (R-Ga.) released his $3.8 trillion budget plan, which includes language calling for an increase to federal employees' contributions to their retirement plans. All federal employees would pay 6.6 percent of their pay into their retirement plans. The bill also increases funding to the Defense Department's Overseas Contingency Operations fund, while keeping total DoD spending under sequestration caps.

Tags: House Budget Committe , Tom Price , budget , FERS , retirement , DoD , Overseas Contingency Operations , Congress , House , Steny Hoyer , Donna Edwards , sequestration , Michael OConnell

Tuesday - 03/17/2015, 03:06pm EDT
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