Shows & Panels
Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- American Readiness: Renewable Power and Efficiency Technologies
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Delivering the Digital Government Mission
- Federal Executive Forum
- Federal News Radio's National Cyber Security Awareness Month Special Panel Discussion
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- Government Perspectives on Mobility and the Cloud
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- The New Generation of Database
- Reimagining the Next Generation of Government
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Causey: Feds 'outraged' over threats to pay, benefits
Tuesday - 3/22/2011, 2:55pm EDT
Congress passed a record sixth continuing resolution last week. All this uncertainty is leaving feds worried about not just their agency's budget but their pay and benefits too.
Federal News Radio Senior Correspondent Mike Causey says he hates the hype, but the threats to pay and benefits are real.
One proposal from the president's bipartisan deficit reduction commission would change the calculation for retirement benefits, from the high-three to high-five. Currently, benefits are based on the average of your salary during your last three years of employment. Changing the average to the last five years of employment would reduce the typical federal annuity "anywhere from several hundred to several thousand dollars a year - and that's for a life," Causey said.
A report by the Congressional Budget Office says converting the Federal Employees Health Benefits Program to a voucher system would save $43 billion over the next decade. Most feds pay about 20 percent of their health care premiums. Under the vouchers, they could end up paying up to 50 percent, Causey said.
Last week, a bill in the Senate proposed ending feds' defined benefit pension portion of their retirement benefits. Causey said the retirement system would look more like a private sector retirement system and feds would have to "kick in more to get the same benefit you're guaranteed."
These efforts to "tamper with annuity, with their pensions, it's outraged people, it's frightened people," Causey said.