Senate Republicans are considering a tweak to their pension reform plan that would hike how much federal employees need to contribute to their retirement, in order to pay for the GOP megabill.
Lawmakers are looking to hike federal employees’ retirement contributions to 15.6 percent of their salary — compared with the 9.4 percent required in the initial version of the bill — while carving out an exemption for members of Congress and their staff, according to draft reconciliation text from the Senate Homeland Security and Governmental Affairs Committee that was obtained by POLITICO.
Federal law enforcement, including Capitol Police officers and border personnel, would also be exempt from the contribution requirements. Employees hired after 2014 are currently only required to contribute 4.4 percent of their salary to their retirement.
The draft text also newly exempts law enforcement personnel from a provision adding a 10 percent fee on union dues deductions.
