Federal employees are nervous that any budget agreement that comes out of Congress this week will involve more cuts to their pensions.
Rep. Paul Ryan, R-Wis., and Sen. Patty Murray, D-Wash., who head up the congressional budget conference committee, have until Friday to present their budget compromise that would roll back the automatic spending cuts that went into place during the sequester and will continue to fund the government until Jan. 15, 2014.
The congressional budget conference committee is considering asking federal employees to contribute 1.2 percent more of their pay to their pension plans, a move that would save the government $20 billion over a decade. Those savings would be used to repeal part of the sequester cuts.
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