These are NOT “win-win” times
New England District and Local conclude Furlough Impact & Implementation Bargaining
Phased Retirement for Federal Workers Moves One Step Closer to Reality
Since its approval 11 months ago, legislation allowing federal workers to phase into retirement has undergone a long process of regulatory writing and editing. This week, the proposed regulations have finally been issued, bringing the promise of a smoother transition into retirement that much closer. Under the proposed regulations, certain employees would be able to enter part-time employment with their agency. As a part-time employee they would be eligible to collect a small salary in addition to half of their retirement annuity, while still earning partial credit toward that annuity. Once they decide to enter full retirement, workers will be eligible to receive their full annuity.
President Obama Seeks to Reign in Out-of-Control Contractor Executive Pay with New Proposal
At a time when federal workers have been subject to pay freezes, furloughs, and retirement cuts, executives at leading government contractors have been making away with hundreds of millions in taxpayer dollars. How do they get away with it? Easy – ever-increasing reimbursement rates. In fiscal year 2011, federal contract executives were eligible to be reimbursed upwards of $763,000 in salary – nearly twice the annual salary of the President of the United States. This figure has risen substantially in the last two years because it is legally bound to an automatic formula that gauges prevailing costs in the industry. Because of this formula, the maximum executive reimbursement rate to will increase over $950,000 next year.
Federal Union Leader on White House Budget: Today Washington ‘Abandoned’ Federal Employees
It’s clear today that Washington has abandoned federal employees. We’ve already seen three consecutive years of frozen pay, a quadrupling in the amount new workers pay toward their pensions, and now painful furloughs scheduled for the majority of the federal workforce. Yet this budget asks federal workers to take another 1.2% cut to their take-home pay by increasing employee retirement contributions yet again; it reduces Social Security benefits by moving to a chained CPI; and it eliminates the FERS annuity supplement for federal employees. We expect certain politicians to make federal workers the scapegoat of first resort. But for the Administration to perpetuate the idea that federal employees haven’t sacrificed enough is absolutely unacceptable.
FEEA Prepares for Federal Furloughs with Help from Congresswoman Norton
Speaking at the Federal Managers Association’s 75th National Convention, Congresswoman Eleanor Holmes Norton (D-DC) today reaffirmed her intention to donate one day’s pay for each day federal employees are furloughed due to sequestration. Norton plans to divide the donation evenly between supporting federal employees in need via the Federal Employee Education & Assistance Fund (FEEA) and ensuring District residents do not experience a drop in constituent services by preventing furloughs of her own staff.
Union Leader Slams Senate GOP Sequestration Measure Targeting Federal Pay, Retirement
“Here we go again. Rather than proposing a serious solution to sequestration, Senator Ayotte and her GOP colleagues have chosen to dust off well-worn attacks on federal employees that do nothing to fix the problem. Federal employees have already endured over two years of frozen pay and an increase in retirement contributions that will save the government $103 billion over the next decade. When is enough, enough? Serious problems call for serious solutions, and the Senator’s proposal falls well short of that measure. The Federal Employee Retirement System is fully funded and federal salaries have shrunken faster than any time in recent memory. What good will it do to punish them even more?"