Obama Proposes Tiny Pay Increase For Federal Workers
Article Excerpt: "...The White House will propose a 0.5 percent pay increase for federal workers as part of its 2013 budget..."
Resource: abcnews.go.com
A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...The White House will propose a 0.5 percent pay increase for federal workers as part of its 2013 budget..."
Article Excerpt: "...Is the day after New Year's Day, January 2nd, a federal holiday? Is Martin Luther King Day on a Monday in 2012? What date does Washington's..."
Article Excerpt: "..."The greatest turnover on a voluntary basis outside of retirement is during the first one to two years of a person's employment," Palguta said. "Folks come into government. They're persuaded by a call to public service or a belief that they're going to have a chance to do something meaningful...."
Article Excerpt: "...would extend the federal worker pay freeze or require them to pay more towards their retirement. But a House GOP-backed bill passed last week would do just that. ..."
Article Excerpt: "...Because that system does not include Social Security, these employees do not pay that tax but rather pay all their contributions into the federal retirement fund...."
Article Excerpt: "...House Speaker John Boehner, R-Ohio, said the so-called Middle Class Tax Relief and Job Creation Act would save $36 billion by cutting federal retirement benefits, and $26 billion by extending the pay freeze. ..."
Article Excerpt: "...Timanus said he has been hearing for years about an impending wave of retirees that would decimate the federal workforce. But he has yet to see any sign that it is happening...."
Article Excerpt: "...advocates for Social Security and Medicare saw it as a victory when the congressional supercommittee declared defeat last week..."
Article Excerpt: "...Agencies could be forced to cut tens of thousands of vital jobs, such as Border Patrol, FBI and other law enforcement agents, Transportation Security Administration screeners and air traffic controllers...."
Article Excerpt: "...leaving Mitt Romney as the only leading GOP contender not to advocate fundamental changes to the federal retirement program. Younger workers also could..."
Article Excerpt: "...Federal employees' satisfaction levels continue to lag behind the private sector, which had a satisfaction index score of 70 out of 100 this year, a slight drop from 70.6 in 2010, the study found...."
Article Excerpt: "...The Office of Personnel Management (OPM) is announcing changes in premiums for certain Federal Employees' Group Life Insurance (FEGLI) categories in accordance with sections 870.401(a)(2) and 870.402(a)(3) of title 5 of the Code of Federal Regulations. These include changes to premiums for Option B (most age bands), Option C (all age bands), and Post-Retirement Basic Insurance. These rates will be effective the first pay period beginning on or after January 1, 2012...."
Article Excerpt: "...Employees under Federal Employees Retirement System (FERS) will get 2.6% COLA if they..."
Article Excerpt: "...Like other state employees, the governor has contributed part of his salary toward his state and federal retirement, and his aides say he should receive the benefits when he leaves office. ..."
Article Excerpt: "...No one ever said that understanding the federal retirement systems was easy. If you’re approaching retirement, attend a pre-retirement seminar. If your agency is not offering such seminars, ask them to...."