House Republicans have tacked on cuts to the federal retirement system to the budget resolution that, if it heads to the Senate, could make it possible for a tax reform bill to be passed via reconciliation.
Federal News Radio reports that the cuts were added October 4. The proposed measures would cut billions from federal employees' retirement over the next 10 years.
The measures included in the resolution include higher employee contributions to the federal defined benefit pension plan; elimination of supplemental payments to employees who retire before age 62; and a switch to a defined contribution pension plan for new federal employees.
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