Mar 20, 2012

Increased Retirement Contributions in GOP Plan

"...The Republican budget plan for fiscal 2013 calls for extending the federal pay freeze through 2015, increasing federal retirement contributions and cutting the federal workforce by 10 percent.

The plan, released today by Rep. Paul Ryan (R-Wis.), the House Budget Committee chairman, is a response to President Obama's 2013 budget proposal released Feb. 13. The proposals are for the new budget year, beginning Oct. 1.

"Federal employees deserve to be compensated equitably for their important work, but their pay levels, pay increases and fringe benefits should be reformed to better align with those of their private-sector counterparts," according to Ryan's budget proposal..."


Read more at FederalNewsRadio.com

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