Specifically, it mentions addressing pay compression experienced by workers who max out the payscale and see little monetary incentive to remain there. Pay caps imposed by statutes limit how much money federal employees can be paid. If those aren’t adjusted to the times, the ...
Only a few thousand current federal workers, former employees and applicants cashed in from 2015 hack. Eric Katz January 2, 2025 Featured eBooks Thrift Savings Plan funds end the year on the downswing Only one of the portfolios within the federal government’s 401(k)-style retirement savings pr...
FEDERAL EMPLOYEES; 2.4% Pay Increase IncludedStephen Barr
Thu, Dec 19th 2024 Daily Open Expectations on Fed cuts were the lethal blow to markets Thu, Dec 19th 2024 Federal Reserve Here's what changed in the new Fed statement Wed, Dec 18th 2024 Personal Finance The Fed cut rates by another quarter point: What that means for your money Wed, Dec...
However, due to the DOL’s new overtime regulation, this threshold is set to increase on January 1, 2025. Next year, salaried employees who earn less than $1,128/week, or $58,656 annually, will be eligible for overtime pay. Examples of some exempt roles include: Commissioned sales ...
The decision is a major victory for employers who relied on the EAP exemptions to pay salaries without overtime to managers, supervisors, and employees in many other roles that qualified. Even if the DOL seeks reconsideration of the ruling, or appeals it to the U.S. Court of Appeals for ...
fairly rapidly at the start of this new monetary policy cycle, short-term rates may be slow from here to be moved closer to the Fed's "long-run" 3% rate. As of December 2024, the central bank's own forecast doesn't expect for it to return there until perhaps 2027 at the very ...
Get the latest onneed-to-knowtopics for federal employees delivered to your inbox. email Register for Newsletter Stay Connected Pay & Benefits Can I afford an early retirement? 4 things to consider before making the leap COMMENTARY | From return-to-office mandates to the reappearance of Schedule...
Anonymous plaintiffs also called for a temporary restraining order Tuesday to prevent OPM from using a newly installed email system to mass-message federal employees. David DiMolfetta February 4, 2025 Pay & Benefits TSP funds rebound to start 2025 ...
“We cannot balance the budget on the backs of our federal employees and I will work with my House and Senate colleagues to keep the pay increase in our appropriations measures that we vote on in September,” Comstock wrote in a sharply worded statement. “Our office opposes this and will...