Ryan budget plan includes hike in retirement contributions by federal workers

House Budget Committee Chairman Paul Ryan released a budget plan Tuesday that would again increase retirement contributions by federal workers and reduce…

By Lisa Barron | Updated on April 02, 2014

House Budget Committee Chairman Paul Ryan released a budget plan Tuesday that would again increase retirement contributions by federal workers and reduce the amount paid by the government.

The Wisconsin Republican’s plan does not indicate how big the increase would be but past plans from the budget committee have intended to make the two shares equal, which would mean a rise in an employee’s share of nearly six percent of salary.

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