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Search Tags: pay freeze
Two years into a three-year pay freeze, thousands of retirement-eligible feds are doing the math and concluding that maybe they would be better off retired and getting inflation adjustments rather than working at their 2010 salary rate, Senior Correspondent Mike Causey says. So what's in it for you?
President Barack Obama signed a continuing resolution Friday to fund government operations through March 27, 2013. The legislation represents a 0.6 percent across-the-board increase above fiscal 2012 levels. It also extends the federal pay freeze.
It's no secret Republican Presidential Candidate Mitt Romney envisions broad changes to the federal government and its workforce. In campaign speeches, Romney has spoken of aligning federal pay with that of the private sector and reducing the federal workforce through attrition. But federal unions say Romney's comments and proposals should give feds pause. This story is part of Federal News Radio's special, week-long multimedia report, The Obama Impact: Evaluating the Last Four Years.
Looking for something to take your mind off the pending pay freeze extension? If so, consider the prospect of higher taxes, lower take-home pay and higher health insurance premiums, Senior Correspondent Mike Causey says.
The report found federal employees work on average of 38.7 hours a week, compared with 41.4 hours per week in the private sector. That difference adds up to 3.8 fewer weeks per year feds work.
Despite the prospect of an extended pay freeze, many nonpostal workers have their "wigs" to keep them warm, Senior Correspondent Mike Causey says. So, how do you get a 3 percent raise while salaries are frozen at 2010 levels?
Jenny Mattingley hosts of roundtable discussion of legislation pending in Congress that affect federal workers.
August 24, 2012
Tags: workforce , Congress , Congressional recess , federal retirement , budget battle , sequestration , Jenny Mattingley , Bruce Moyer , National association of postal supervisors , National Association of Assistant U.S. Attorneys , Maureen Gilman , NTEU , Jessica Klement , NARFE , Shaw Bransford & Roth , Fed Talk
President Barack Obama told congressional leaders Tuesday that he was implementing a 0.5 percent pay increase for federal employees that would go into effect next April. Congress is expected to pass a Continuing Resolution when it returns to Washington in September to avoid an Oct. 1 government shutdown. Obama extended the pay freeze through the duration of that CR.
Janet Kopenhaver, Washington representative for
Federally Employed Women, will talk about the
impact of some bills pending in Congress that
affect federal employees.
July 18, 2012
Tags: pay and benefits , pay debate , Congress , Janet Kopenhaver , Federally Employed Women , Federal Times , Sean Reilly , FERS , FERS retirement program , FERS supplement , defined benefit , Mike Causey , Your Turn
Do you have the feeling that all politicians hate you? Are you disappointed that the proposed federal pay raise will bring the average worker less than $400 a year? There may be light at the tunnel, Senior Correspondent Mike Causey says — whether its sunshine or a freight train is yet to be determined.