Obama’s proposed 2014 budget: contribute more, but maybe see a pay increase
â€œFor the third year in a row, the presidentâ€™s budget blueprint disproportionately takes aim at federal employees in an effort to balance the budget,â€ National Active and Retired Federal Employees Association President Joseph Beaudoin said. â€œFederal employees who are currently enduring a three-year pay freeze have already sacrificed $114 billion from their pocketbooks for US budget savings over the next decade. Enough is enough.â€ This statement is in response to President Obamaâ€™s budget...
The House Overwhelmingly Overturns Obama Executive Order
Last Friday President Obama caused quite a stir with his executive order that ended the freeze on wages for Congress and federal workers, amounted to an $11 billion pay raise overall. On Tuesday evening, the U.S. House of Representatives approved legislation that blocked the pay raise. The Hill reports: "The House approved legislation on Tuesday that would block a pay increase for federal workers and members of Congress scheduled to take place in March. "Members voted 287-129 in favor of the bill from Rep. Mike Fitzpatrick...
Federal Pay Frozen in 2012
After receiving a 3.5% pay increase in 2008, a 3.9% raise in 2009 and a 2% increase in 2010, federal employees have seen their pay frozen for two years. Federal employees can still receive bonuses and get a pay increase if they earn a promotion. The House has recently voted to continue the pay freeze through 2013, saying it would save taxpayers $26 billion.Â The proposed budget put forth by President Obama last week calls for a 0.5% pay increase and 1.2% increase in retirement contributions.