House Majority Leader Eric Cantor (R-VA) issued a statement about sequestration today which reiterated a desire to see federal employees pay more towards their retirement to make the system better reflect what is done in the private sector.
“Rather than take border patrol agents off the job, the President should instead choose to reform the federal employee retirement system so it matches what people get in the private sector,” said part of Cantor’s statement.
Numerous proposals from both sides of the political aisle have been put forth in recent years to raise contribution levels federal workers have to pay towards their retirement plans. The following are just a few articles we’ve posted detailing some different proposals:
- House Bill Would Extend Pay Freeze, Increase Retirement Contributions
- House Passes Bill Increasing Retirement Contributions by 5%
- WH Budget Asks Federal Employees to Sacrifice
With a large and growing unfunded liability in the federal retirement system and increasing political pressure to reduce federal spending, federal workers can probably expect at least a few more similar proposals to make headlines in the near future.