WAMU 88.5 : News

Filed Under:

Federal Budget Calls For Higher Pension Contributions

Play associated audio
Some local lawmakers are upset about the higher pension contributions required in Obama's new budget.
http://www.flickr.com/photos/nostri-imago/3063022330/
Some local lawmakers are upset about the higher pension contributions required in Obama's new budget.

While some federal workers are facing furloughs and pay freezes, President Obama is also calling on them to contribute more to their pensions. Currently federal workers contribute .8 percent of their pay to their pensions, but the White House budget proposal calls for raising that to 2 percent over three years.

Federal worker advocacy groups are against the proposal, as is Virginia Democratic Rep. Jim Moran. He says federal employees have contributed the most, and they are not in a position to fight back.

The White House claims increasing pension contributions could save $20 billion over a decade. But Moran says the savings mask a deeper problem that's already threatening the government.

"The idea of reducing their pension even further, raising their pension payments into the system, it's a disincentive to attract the quality of people that we need in the federal government," he says.

But the White House claims the proposal won't hurt the federal workforce or hinder government services.

NPR

With 'Formation,' Beyoncé Lights Up The Internet. Here's What People Are Saying

The singer's new music video quickly drew commentary of all kinds — on its references to being black in America, Hurricane Katrina and Black Lives Matter.
NPR

Calif. Restaurant Gives Diners — And Sea Lions — An Ocean View

The Marine Room is a restaurant right on the beach. When the tide is high, waves hit the windows, and bring in unexpected visitors.
NPR

In The Light Of The Morning After, How Bad Was Rubio's Repetition?

"I would pay for them to keep running that clip, because that's what I believe passionately," Rubio said of a much-aired video excerpt if him repeating a line at Saturday's debate.
NPR

Super Bowl 50 Tightens Cybersecurity

This year's Super Bowl will be held in the most technologically advanced stadium in the world. FBI special agent John Lightfoot talks to NPR's Rachel Martin about the threat of cyber attacks.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.