3:39 pm, May 25, 2015

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  • Pay Freeze & Promotion Pipeline
    Celtic Wolf
    I understand and respect the need to save money when our country is in such financial throes. I am willing to step up and take a Pay Freeze (I am already salary capped and eligible to retire from a job I hate). My problem is this. Retirement annuities are still lagging due to workloads in OPM. I hear horror stories of people who retired in May 2010 who still are only getting half of what their Personnel Office told them they would for a CSRS annuity. I also know some folks who after four months have yet to get their annual leave payment (lump sum). So my situation is: Frozen Pay, Fear of only getting half of my annuity for a year plus if I retire, No Outside Job Opportunity (unless I work for Amazon in Kentucky - heard they are hiring due to Black Friday successes), and most of all I am unable to save 1.5 years of my salary to live on until I get a full CSRS annuity. My question is: What is stopping the President, Vice President and Senate-Congress from taking a pay cut to "lead" the way. Obvious to me is that our current set of politicians (both parties) are fine with "hurting" others, yet frown at taking a "hit" themselves. When I was young they called those folks - BULLIES!
    Celtic Wolf
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Pay Freeze & Promotion Pipeline
    GHARR
    Celtic Wolf: I won't disagree with your points, but thought I'd share my recent retirement experience. It is true that OPM has definitely been lagging, but I think the true horror stories are more the exception than the rule. I retired at the end of July 2010 (CSRS), and was finalized as of today 12/1. I started receiving my 80% estimated interim annuity payments as promised/scheduled, and timely on the first of every month since 9/1. I received my annual leave lump sum check about 5-6 weeks after I retired. That comes from your agency, not OPM. My permanent 100% annuity is exactly the amount estimated by my agency's personnel office as cited during my exit interview. Four to five months is still a very long time, but not as long as the 7 to 9 months that was projected. Some others I have spoken to recently have been on the same timeline. Yes, you can go on some of the online forums, and find folks having some major problems, but they fortunately seem to be the exceptions. Of course it doesn't make you feel better if you turn out to be one of those exceptions...;-)
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Simple projections of salary lost over 8 years PLUS retirement year--NOT CHUMP CHANGE AFTER ALL!!!!!!!
    FED UP IRS FERS FED
    The other evening I did some quick "what if" calculations how this 2 year pay freeze will affect the final 8 years I have left until I retire AND my projected retirement years thereafter. Although it was not as bad as I first thought, due to the snowball effect, it is still a significant amount. Simply assuming that Fed raises over the next 8 years would be 1.5% (just for argument sake) and comparing those amounts to 0% for the next 2 years (Obama's Fed pay freeze) and 1.5% raises for the remaining 6 years, the difference for me (Grade 13) is $28,196 lost over those 8 years. Then in my retirement years, the difference would be an additional $1,230 lost per year until the Diet Colas kick in. On the surface, a 2 year pay freeze does not sound horrible. However, due to the cumulative effect while working & the effect on the high 3 when retired, the dollars lost are not as small as some folks believe. That is why the so called budget experts are throwing around huge savings over the years. Just some food for thought.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Share the pain or spread the pain?
    Rob
    Cutting wages is never a good idea especially in a tough economy. We can all share the pain, and we have, but should we SPREAD the pain by slashing pay checks? It makes absolutely no sense and this was nothing more than a politically motivated decision. We have a $13.2 trillion budget deficit. This move will save pennies. Just another stupid decision by a confused and misguided administration.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Obama feels our pain
    Rock Island fed
    So much, in fact, that he's going to give his military and civilian staff some time off while he spends the Christmas holidays at the White House. Oh wait. He's going to Hawaii.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Where were the whistleblowers at Fannie & Freddie?
    contrarian
    While we're complaining about how bad we've got it, let me ask the fed civilians at Fannie & Freddie a question, who was blowing the whistle on the housing mortgage bubble? I don't recall anybody on 60 Minutes or on Capital Hill telling Barney Frank or Chris Dodd that sound lending practices were being jettisoned? Not that I'm trying to say that all Federal Employees are getting what they deserve, but I think we need to realize that what's being sowed is a function of what was reaped. So now we all suffer for the mistakes of a few. So the banks get bailed out while the people pay more and face bankruptcy as the only viable option. Right now, the only message coming out of DC is inconsistency which doesn't give anybody a chance to plan for the future. Most people think that DC is making things worse not better, hence the Fed Pay Freeze as the only universal message people can understand. No doubt, Feds were thrown under the bus, but other than whining, what can people do, look for new jobs elsewhere?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Why are you blaming the dems?
    Moderate
    Why do you mention the Dems for the housing issue? The Republicans had control of Congress through 2006. The Dems got control in 2007. The depression started in mid 2007. It w3as much too late for the dems to do anything about the mismanagement .
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Blame
    contrarian
    Because these individuals stopped the Bush's attempted reforms of Fannie and Freddie which could have mitigated the housing bubble. Please note I did not single out a party, but the known masterminds.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Bush reforms?
    Moderate
    How can they stop Bush's "reforms" when they are the minority party? Did they filibuster? You need 41 out of 100 votes for a successful filibuster.-------------------- Those so called masterminds just happen to be democrats. To say you did not mention a party is a joke and not a very good one.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • What happened to not raising taxes on the middle class?
    O2B XFed
    The new Obama pay freeze is effectively a 1.4% income tax on being a Federal Government worker since he previously said a 1.4% raise was due in 2011. All those Federal workers are earning less than the $200,000 Obama used to define the middle class individual. Most of those Federal workers earn less than the $250,000 family income he defined as the middle class. What happened to not raising taxes on the middle class?
    Finally ExFed
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }