Just When You Thought It Was Safe! New Move in Senate to Freeze Feds’ 2006 Raise
A “Fiscal Watch Team” has been formed in the Senate to cut back on government spending. One target: The 2006 pay raise for federal employees.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
A “Fiscal Watch Team” has been formed in the Senate to cut back on government spending. One target: The 2006 pay raise for federal employees.
Should Congress forego a pay raise this year? If that happens, should the pay raise for federal employees be impacted as well in order to cut government spending?
The mood in Congress is changing rapidly and lawmakers appear to be serious about finding new ways to cut government spending.
Government spending to recover from Hurricane Katrina means spending cuts will probably be necessary in other government programs. One possibility is changing the formula for calculating federal employee pension benefits.
OPM has delayed the start of the dental and vision program for federal employees.
Readers questioned the data on federal employee salaries in a recent article. Here is more information on what goes into the data and why the information generates interest among readers.
Some readers expressed disbelief at the average federal salary figures in a recent FedSmith.com article. Here is more information on federal salaries.
Some federal retirees may get a higher pay raise than active federal employees in 2006.
The agency and the union are starting labor negotiations and the parties are far apart in their initial positions.
Effective Aug. 1, TSP participants will have another investment option from which to choose.