2.6 Percent Raise for Federal Employees?
An overall pay raise for the federal workforce is still a possibility. Here is a summary of what is going on now.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
An overall pay raise for the federal workforce is still a possibility. Here is a summary of what is going on now.
A pay raise is still a possibility this year despite the president’s pay freeze. The author explains how this would work.
Legislation to give federal employees a pay raise in 2019 has passed the House.
Legislation has recently been introduced to pay federal employees back pay plus interest for the recent shutdown.
Companion legislation for a pay raise in 2019 has been introduced in the Senate.
Most federal employees should have their full back pay by the end of the month according to OPM.
The author says that Medicare and FEHB are good benefits separately, but they do not work well when used together.
The author points out that the recent government shutdown highlights the important of having an emergency fund for times life happens and paychecks get missed.
OPM has issued guidance to agencies to have employees paid quickly who were impacted by the shutdown. The guidance also answers common questions about leave and pay.
Legislation has been introduced to give federal employees a pay raise retroactive to the start of 2019.