Federal Employees’ Pay Freeze Could Be Extended to Cover Payroll Tax Cut
The Senate is currently debating a possible payroll tax cut extension, and one plan being discussed includes an additional three year pay freeze on the federal workforce.
The Senate is currently debating a possible payroll tax cut extension, and one plan being discussed includes an additional three year pay freeze on the federal workforce.
Will federal employees get extra time off (with pay) during the holiday season? With a multi-year pay freeze in effect, some agencies may use their authority to grant more time off.
At the end of last week, House Oversight Committee Chairman Darrell Issa (R-CA) sent a letter to the Joint Select Committee on Deficit Reduction (the “super committee”) recommending that it adopt some specific cuts to the federal workforce.
Another pay freeze for federal employees has been recommended as a way to cut costs.
With federal employees in the eye of a political storm, recommendations to increase the cost of federal benefits may be closer to reality. Here are some of the proposals any current or retired federal employee should read.
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.