Get the latest federal employee pay news, including updates on federal pay raises, GS pay scale changes, locality pay, and federal compensation policy. Stay informed on TSP news, TSP fund performance, contribution limits, and investment updates. This category also covers FEHB premiums, FEGLI rates, FEDVIP dental and vision benefits, and major OPM policy changes, federal workforce legislation, and other developments that impact federal employee pay, benefits, and take‑home compensation.
No doubt, many in the federal workforce were concerned about proposed amendments to the fiscal year 2011 budget which would have frozen funding for within-grade step increases and for promotions for federal employees. The budget has now passed the House without including these amendments.
Several readers have asked to see a copy of the amendment to H.R. 1 that would block funding for any salary increases for federal employees for the remainder of the current fiscal year. Here is a copy of this amendment to H.R. 1.
There is a serious effort to cut back on federal spending with proposals to freeze federal promotions and step increases.
Professional politicians are experts at trying to keep everyone happy–especially when it comes to spending money. Federal employee pay and benefits are a hot topic now and will continue to be through the 2012 election. How did the President’s proposed budget deal with the recommendations by the President’s own deficit commission in cutting federal pay and benefits? Here is a quick summary.
All TSP funds had a positive return in January as the Thrift Savings Plan is off to a good start for 2011.
The TSP is unveiling a new fund in its family of Lifecycle funds: the L 2050 fund. The fund is designed for participants who will begin to withdraw their holdings after 2045 and replaces the now obsolete L 2010 fund.
Open season dates for federal employee long term care insurance have been announced. Also, same sex domestic partners of federal employees will now qualify for coverage and will only be subject to “abbreviated underwriting” for the insurance rather than the more stringent “full underwriting” requirements.
The Spending Reduction bill is now available. Despite the expressed hope of some readers, it does call for an extension of a federal pay freeze for five years. Did the President imply support for a five year freeze?
The Author says he wondered why, back during the Reagan administration, his paycheck went down. Here is the answer as to why and how federal pay was reduced and that you may still be receiving less than your nominal annual salary.
The Republican Study Committee released its recommendations for ways to cut government spending by up to $2.5 trillion over 10 years. Some of the proposed cuts, if enacted, would directly affect federal employees.
