Shows & Panels
- Accelerate and Streamline for Better Customer Service
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Client Virtualization Solutions
- Data Protection in a Virtual World
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Feds in the Cloud
- Health IT: A Policy Change Agent
- IT Innovation in the New Era of Government
- Making Dollars And Sense Out of Data Center Consolidation
- Navigating the Private Cloud
- One Step to the Cloud, Two Steps Toward Innovation
- Path to FDCCI Compliance
- Take Command of Your Mobility Initiative
Shows & Panels
What's happening to your pay, benefits, retirement?
Wednesday - 5/25/2011, 12:33pm EDT
The administration is seriously considering plans to force feds to pay more toward their retirement. If implemented, that would permanently reduce take-home pay five to six percent for four out of five current civil servants.
There is also serious talk of changing the retirement formula (from the high-3 back to the high-5) which would reduce anticipated (promised?) annuities or force people to work longer to get the benefits they had expected.
Another money-saving idea would gradually raise employee contributions to health insurance premiums (now about 30 percent). That would also reduce take-home pay and could force some workers to switch from so-called "Cadillac health plans" to less costly (and in some cases less comprehensive) coverage.
On this week's Your Turn Steve Watkins, editor of the Federal Times, and senior writer Steve Losey, join host Mike Causey for a discussion on all of these topics.