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The Budget Conference Committee was set up to resolve differences between the House and Senate spending plans, but the latest plan offered by Republics may be unpalatable for federal employees. The plan calls for more than doubling the percent of income that employees would contribute to their retirement programs as well as cutting the Federal Employee Retirement System Annuity Supplement, a program designed to build retirement for new employees, and changing the measure of inflation for retirement benefits to the chained CPI. The moves would mean workers would get approximately $20 billion less in retirement. The presidents of the two largest federal employee unions, the American Federation of Government Employees and the National Treasury Employees Union, will jointly denounce the plan in a press conference on Thursday. The Republican Congressmen who proposed the plan are defending the cuts as part of Obama?s reforms in his 2014 budget and by saying that the cuts would delay the sequester cuts by two years.