Federal pensions targeted in new congressional budget deal

WASHINGTON, D.C. - Federal workers are unhappy that Congress is forcing them to pay more for their pensions. They say they are being unfairly picked on at a time when they're also suffering from a pay freeze and unpaid furloughs. 

But others say their pensions have become a target because their retirement programs are notably more generous than the norm in the private sector. 

Federal workers are an easy target for politicians because they are distinctly unpopular with voters and have a scant presence in most congressional districts. 

Most federal workers get pensions and can contribute to a retirement savings. Only 1 in 9 private-sector workers have both those benefits. 

Newly hired federal workers face higher pension costs under the budget deal lawmakers plan to approve next week.

 

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