Bill would require Federal workers to contribute more for benefits

Federal employees would have to pay 5 percent of salary more toward their retirement benefits, phased in over five years starting in 2013, under legislation to be considered Thursday in the House committee that handles employee benefit issues.

Under the bill before the House Oversight and Government Reform Committee, current employees would pay 1.5 percent of salary more next year, an additional 0.5 percent in 2014 and yet another 1 percent each year over 2015-2017.

Those hired into the government in 2013 and later, and who had fewer than five years of prior federal service would start paying the entire 5 percentage point increase from the beginning of their employment.

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