Tag: Federal Pay

Locality Pay for Feds: How Is Your Paycheck Impacted?

Filed in News by on July 14, 2015 Comments

How much of a difference will locality pay make in your paycheck? This article compares actual locality pay to the “target pay gap” in each locality pay area and how it impacts the salary levels for hundreds of thousands of federal employees.

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Federal Retirement Contributions and Pension Calculations: More Changes Coming?

Filed in News by on July 9, 2015 Comments

Will the federal retirement system be changed to require greater contributions from federal employees in the near future? Will the retirement computation change from a high three to high five? Here is a quick summary of pending issues federal employees should be watching.

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2016 Locality Pay and How It Will Impact Your Paycheck

Filed in News by on July 7, 2015 Comments

FedSmith has received questions from geographic readers in areas to be covered by new locality pay rates. Most readers asking questions are wondering if they will receive the full locality pay differential cited by the Federal Salary Council. Our advice: Don’t make any purchases based on your expectations of increased income until you know the actual amount you will receive. This article explains why.

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Will Federal Retirees Get a COLA Increase in 2016?

Filed in News by on June 18, 2015 Comments

How much will federal retirees and Social Security recipients receive with a new COLA calculation that will go into effect in January? As of today, there would not be any increase.

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2016 Federal Pay Increase Meandering Through Congress

Filed in News by on June 18, 2015 Comments

A House committee has advanced a bill that may impact the federal pay raise for 2016—by not proposing an alternative pay raise figure for next year.

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How Much Will Your Pay Increase in 2016?

Filed in News by on June 12, 2015 Comments

How much will your pay raise be in 2016? The president has recommended 1.3%. Congress could intervene but has not done so. What about a pay increase for military personnel and federal retirees?

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Requirement to Repay Overpayment of Premium Pay Confirmed

Filed in News by on June 11, 2015 Comments

The U.S. Court of Appeals for the DC Circuit recently confirmed the statutory provisions that limit the payment of overtime and other forms of premium pay as well as the provisions that require Federal employees to repay any overpayments. The author explains what this means for some federal employees’ paychecks.

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Proposal Would Give 102k Federal Employees a Pay Raise in 2016

Filed in News by on June 1, 2015 Comments

A proposed rule would create 13 new locality pay areas for some federal employees. That is good news for those employees, but there could also be a negative impact of this action on 2016 pay for federal employees currently under the locality pay system.

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