Another pay freeze for federal employees has been recommended as a way to cut costs.
Senator Tom Coburn, M.D. (R-OK) has released a new report called “Back in Black” that outlines how the federal government can reduce the deficit by $9 trillion over the next ten years and balance the federal budget.
The House Budget Committee has released its proposed budget for FY 2012. Among other cuts to government, the proposed budget suggests a pay freeze for federal employees and an increase in the amount they have to pay for their pension benefits.
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.
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.
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.
The deficit commission has made a number of recommendations that may impact your pay and benefits as a federal employee. Here is what we know, what we do not know, and why it is your best interests to pay close attention to these changes.
President Obama has signed the bill that continues funding of the federal government through March 4th and institutes the two-year federal pay freeze.
According to one Congressman, a two-year pay freeze is not a serious effort to cut back on federal spending.
President Obama has proposed a two-year pay freeze for federal employees. While the freeze will impact most readers, the action may be more important as to what may be in store for federal agencies and federal employee benefits in the future.