Pay Freeze Announcement

[JTH]

This is a pay decrease when you factor in the increased cost of living. It gets harder every year to stretch my paycheck when every year food, gas, you name it goes up in price. About 10% of my annual wages go to property taxes, and Texas gets 8% of every dollar I spend, when will it end?

 

[Buster]

I'm sifting through all the verbage..But I haven't seen anything that says Promotions will be curtailed or held in a save pay status...Including PCS moves...Only no COLAs for two years...

Found part of the answer ...

The pay freeze would not affect bonuses or step increases for federal employees.

Furthermore:

John Gage, president of the 600,000-member American Federation of Government Employees, called the decision "a slap at working people."
"Working people's wages are not the issue with this deficit or what is going on in our country," Gage said. "To symbolically hit at federal employees I think is just wrong." Gage said the White House was using federal workers as scapegoats for the nation's deficit problems. He said the move would not really save as much as the White House claims because federal employees often get just a fraction of projected raises. Federal workers received a 1.9 percent pay increase this year.

http://news.yahoo.com/s/ap/20101129/ap_on_bi_ge/us_obama_pay_freeze

 

[nasa1974]

This pay freeze puts a real hurt on my plan to retire in 2012. There goes my high three. Great timing as well with health insurance going up 7-10%. This isn't a pay freeze more like a pay cut.

 

[FAB1]

This is a pay decrease when you factor in the increased cost of living. It gets harder every year to stretch my paycheck when every year food, gas, you name it goes up in price. About 10% of my annual wages go to property taxes, and Texas gets 8% of every dollar I spend, when will it end?

True, I can handle it though.

And I will try not to think of how the Federal FatCats will "get theirs" with promotions and bonuses out the ying yang, them and their good little boot lickers.

No, I will be in the bunch that makes the sacrifice.

 

[FAB1]

Found part of the answer ...



Furthermore:




http://news.yahoo.com/s/ap/20101129/ap_on_bi_ge/us_obama_pay_freeze

HA!! John Gage of the AFGE sez his planned little "protest" - the union will be good lap dogs as usual putting $ in the Dem party pockets. Woof woof!

 

[FAB1]

WELL I am going to give God the glory. Most of you prolly have permanent full time positions? Remember me, I will likely get "a vacation" in April b/c Im seasonal.

 

[Steadygain]

WELL I am going to give God the glory. Most of you prolly have permanent full time positions? Remember me, I will likely get "a vacation" in April b/c Im seasonal.

I will most certainly give Him the glory too.

As for this stuff -- Please remember whenever a 'President' makes some big announcement it's essential to remember the rhetoric symbolism before anything else.

In all likelihood - nothing will change for you.

Now my situation is a lot different. I may make a big move and work at another place -- which would mean a substantial increase because the offering price is far beyond what it was back when I first started.

 

[FAB1]

Someone has to hold down th Fort while my wife is at her (permanent fed) job. Might as we be me. - he he he.

 

[Boghie]

To All...

FACT SHEET: CUTTING THE DEFICIT BY FREEZING FEDERAL EMPLOYEE PAY
November 29, 2010

Because of the irresponsibility of the past decade, the President inherited a $1.3 trillion projected deficit upon taking office and an economic crisis that threatened to put the nation into a second Great Depression. He moved quickly to get the economy moving again. Now, the economy is growing, and we have gained private sector jobs for the past 10 months. But families and businesses are still hurting, and our top priority is making sure that we are doing everything we can to help boost economic growth and spur job creation.​

FY2009 Projected deficit as of 2009/01/31: $482 Billion
FY2009 Projected deficit as of 2009/02/28: $1,752Billion

What happened in February of 2009.

Ah, yes...
The 'American Recovery and Reinvestment Act of 2009' - that is, the Fiscal Stimulus
All I can hope for is that the current $1.412 Billion deficit is not structural (ie. salaries and the like)

Now, we are not going to get our 1.4% cost of living for 2011.

But, we will get our 3%+ (and a much bigger + if the marriage penalty, student loan deduction, child credits, etc sunset) tax increase as of January 2011.

 

[McDuck]

This is eliminating the cost-of-living (COLA) increases for 2 years, right?

The step increases with-in grade and promotions from one GS-grade to the next grade with still happen, right?

 

[Buster]

This is eliminating the cost-of-living (COLA) increases for 2 years, right?

The step increases with-in grade and promotions from one GS-grade to the next grade with still happen, right?

http://www.tsptalk.com/mb/showpost.php?p=291211&postcount=22

 

[Warrenlm]

Technically, active employees do not receive an annual "COLA". Retirees do and it's calculated based on "actual" inflation over the past year. Active employees receive (or don't) an across the board "pay increase" that is not supposed to be based on the inflation calculations.

 

[burrocrat]

well i say it's about time.

didn't anyone else feel a bit guilty when we got ours last year but social security got left out in the cold?

it's going to to take way more than this to get the deficit job done, but it's a good start.

watch out below.

 

[Buster]

Technically, active employees do not receive an annual "COLA". Retirees do and it's calculated based on "actual" inflation over the past year. Active employees receive (or don't) an across the board "pay increase" that is not supposed to be based on the inflation calculations.

Technically..call it whatever you want..retiree's ain't gettin sh!t either..

 

[PessOptimist]

What about ATC folks who have a pay increase in their contract for 2 more years?

I'm not ATC but there are others who have a contractually guaranteed pay increase due in October. This should be interesting

 

[Warrenlm]

Uhhh, this is the Administration that didn't feel secured bondholders in GM trumped unsecured labor. Contract...Labor....boy, that's a given.

 

[DrFaustus]

Can someone explain this to me ...

The President indicated that the proposed pay freezes will save 2 billion in the first year, 28 billion over 5 years and 60 billion by 2020.

How is that possible with a 2 year freeze on pay? More government accounting???

 

[FUTURESTRADER]

Can someone explain this to me ...

The President indicated that the proposed pay freezes will save 2 billion in the first year, 28 billion over 5 years and 60 billion by 2020.

How is that possible with a 2 year freeze on pay? More government accounting???

compound interest on those two years savings??...at what rate tho???....too early to do the math

 

[nnuut]

Let's just think CUT IN PAY, if workers would have gotten 4% over 2 years then a 2% raise in 2013 would be based on a salary that is 4% less than it would have been if they have received the raises in 2011 and 2012, and so on and so on!
Really a TAX!

 

[Warrenlm]

I wonder if any of the figures include savings from reduced future annuities.