A bill known as the “EASY Savings Act,” would provide an incentives of 1% of the agency’s cost savings, up to $10,000, to employees who report ways to save money. However, the law already exists.
The author compares the historical pay increases of current federal employees to retirees on Social Security to see which group comes out ahead.
What is the overall impact of the pay freeze on employees retiring in the near future? The author runs some hypothetical numbers to illustrate.
Should the earnings cap for paying Social Security taxes be raised? The author says it has a downside and offers an analysis with examples.
What percentage of a federal employee’s annuity does the government pay? The author provides the results of his investigative research.
New federal employees hired after January 1, 2013 must pay more for their retirement benefits than existing employees. Exactly how much more will they pay? The author provides some example figures.
How would a chained CPI impact a federal retiree’s annuity payments over time?
Reduction in force (RIF) and VSIP (Voluntary Separation Incentive Pay) are two orderly, effective ways to shed groups of government employees. The author compares the two.