Pay & Benefits

Merry Christmas From President Bush to Federal Employees

By on December 22, 2006 in Pay & Benefits with 0 Comments

President Bush has issued an executive order giving federal employees an average raise of 2.2% in 2007.

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OPM Implementing 2007 Federal Pay Raise

By on December 21, 2006 in Pay & Benefits with 0 Comments

OPM is implementing the 2007 pay raise but no one really knows what the final figures will be.

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2.7% Federal Raise Headed for the Trash Heap?

By on December 12, 2006 in Pay & Benefits with 0 Comments

The possibility of a 2.7% average raise for federal employees took a decidedly negative turn this week with the announcement that Congress will, in effect, keep the continuing resolution in effect for the remainder of the fiscal year.

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Your 2007 Pay Raise Will Be…

By on December 1, 2006 in Pay & Benefits with 0 Comments

The process of determining the 2007 pay raise amount is moving along slowly. But, while the process is moving, there is no final answer on the question of how much employees will be getting in their paychecks next year.

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Want to Make $212,000 a Year as a Federal Employee?

By on November 14, 2006 in Pay & Benefits with 0 Comments

A change in the National Defense Authorization Act will allow some federal employees to make up to $212,000 a year. To get the higher salary, you will have to move.

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More Info On the ‘Elite Island of Secure and High Paid Federal Workers’

By on September 27, 2006 in Pay & Benefits with 0 Comments

Statistics about the average compensation for federal employees has left some readers perplexed, some outraged and some with more questions. Here is additional information (and a couple of cartoons) that may satisfy the intellectual quest for more information.

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Some Feds Will See Decreasing Paychecks

By on August 15, 2006 in Pay & Benefits with 0 Comments

OPM has released the COLA payment information for federal employees outside the lower 48 states.

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Underpaid Feds?

By on August 7, 2006 in Pay & Benefits with 0 Comments

How does your pay and benefits package compare to the private sector? New statistics compiled by a researcher at the Cato Institute is based on data from the Bureau of Economic Analysis and shows that the average federal employee makes exactly double that of the average private sector employee.

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COLA's, Housing Costs and Lawsuits: How Pay is Determined for Some Federal Employees

By on August 1, 2006 in Pay & Benefits with 0 Comments

Federal employees outside of the contiguous 48 states are paid differently than most FedSmith readers who usually get an annual raise and locality pay. OPM did a survey on housing costs in these areas outside the 48 contiguous states and has published the results.

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World War III (?) and Your TSP Funds

By on July 27, 2006 in Pay & Benefits with 0 Comments

War, political instability, terrorism and fear for our economic future have an impact on financial markets. Some well-known personalities have said we are in a new world war. What has this done to your TSP stock investments and how can you plan for your future?

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