A two-decades old Office of Personnel Management advisory opinion capping increased pay for federal workers temporarily performing duties of a higher-graded position at 120 days inadvertently penalized workers rather than their errant employer. Erich Wagner July 25, 2024 Pay & Benefits Roadblocks to...
Why do federal pay raises lag the private sector? The federal budget proposal unveiled by the White House in March included an average pay increase of 4.6% for civilian federal workers, matching a planned military pay raise. Historically, with pay lagging in the federal sector, other factors in...
FEDERAL EMPLOYEES; 2.4% Pay Increase IncludedStephen Barr
After months of negotiation and four stopgap measures, President Biden signed a second “minibus” package – totaling $1.2 trillion – on March 23, 2024. The measure funded the Defense and Homeland Security departments and increased pay for troops and federal employees by 5.2%. ...
September 18, 2024 Pay & Benefits Employees at Latin American aid agency vote to unionize Workers at the Inter-American Foundation almost unanimously voted to join the American Federation of Government Employees last week amid claims of no in-house human resources and an undermanned staff. ...
Some economists think the Fed might decide to forgo a rate increase in September before weighing a possible hike at its meeting in November. In recent weeks, several Fed officials have said they worry that the still-brisk pace of job growth will lead workers to demand higher pay t...
EconomicsFederal Reserve,on August 10, 2024| Why do politicians such asDonald TrumpandKamala Harrisshow no interest in fixingSocial Securityand otherentitlement programs? The answer is “public choice.” They are focused on maximizing votes and power in the short run rather than doing what’s bes...
Savers Tax Credit – A retirement savings credit for workers earning less than a certain threshold Note:Some of these are Refundable Tax Credits, meaning you will receive the full amount of the tax credit, even if you don’t owe any federal taxes. ...
Savers Tax Credit – A retirement savings credit for workers earning less than a certain threshold Note:Some of these are Refundable Tax Credits, meaning you will receive the full amount of the tax credit, even if you don’t owe any federal taxes. ...
While the economy remains strong, there is evidence that the labor market is weakening. On Wednesday, the Labor Department said workers' pay and benefits in the fourth quarter grew at the slowest pace in two and a half years. That is "news that will be welcome by the Federal Reserve as ...