Obama to Propose 1% Pay Raise for Federal Workers
President Obama will propose a 1% pay increase for federal employees and military members in his upcoming 2015 budget proposal.
President Obama will propose a 1% pay increase for federal employees and military members in his upcoming 2015 budget proposal.
The president’s budget proposal that is due out next month will not include the chained CPI that was included in his budget blueprint from last year.
Some lawmakers want the president to exclude the chained CPI from his 2015 budget proposal.
The TSP issued a statement saying that balances in the G fund will be unaffected by the recent steps the Treasury has taken to avoid hitting the debt ceiling.
FedSmith.com users said in a recent survey that they believe the United States is currently moving in the wrong direction and generally disapproved of the president’s performance during his tenure so far in office.
Senator Sherrod Brown (D-OH) has introduced legislation that would require federal agencies to purchase only American made textile products, such as uniforms worn by federal employees.
Thanks to a tremendous influx of new claims, the size of OPM’s retirement backlog nearly doubled last month.
President Obama recently issued a memorandum intended to strengthen safeguards for federal job applicants. It specifically targets individuals who are out of work or who have run into financial troubles through no fault of their own.
The new retirement savings vehicle that President Obama proposed in his state of the union address would give all Americans access to an investment that mirrors the G Fund inside of the Thrift Savings Plan, something previously only available to federal employees.
A recent memo from OPM director Katherine Archuleta directs federal agencies to implement the 1% pay increase recently granted to wage grade employees under the spending bill passed recently in Congress.