Likes Likes:  0
Page 1 of 10 123 ... LastLast
Results 1 to 12 of 117

Thread: Pay Freeze Announcement

  1. #1

    Join Date
    Apr 2005
    Posts
    14,183
    Blog Entries
    12

    Default Pay Freeze Announcement

    From Govexec.com today:

    Obama to announce pay freeze
    By Aamer Madhani National Journal
    November 29, 2010


    President Obama will discuss a potential pay freeze for federal employees in an 11:35 a.m. statement to the press, according to an administration source.
    More: http://www.govexec.com/story_page.cf...ref=todaysnews


  2.  
  3. #2

    Default Re: Pay Freeze Announcement

    And so it begins.
    "When asked if my cup is half full or half empty, my only response is that I am thankful I have a cup." -Sam Lefkowitz

  4.  
  5. #3

    Join Date
    Jul 2008
    Location
    Washington, DC
    Posts
    192

    Default Re: Pay Freeze Announcement

    I can understand the desire to do this, but as a person just starting out it is a tough pill to swallow.

  6.  
  7. #4

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    64,164

    Default Re: Pay Freeze Announcement

    Quote Originally Posted by James48843 View Post
    That is just a temporary raise in TAXES!
    1/22/2021
    LS CRUDE Oil
    =$52.27 a Barrel, Daily Status -$.86

  8.  
  9. #5

    Join Date
    Dec 2007
    Location
    inland Northwest
    Posts
    4,105

    Default Re: Pay Freeze Announcement

    "temporary" may last until the tax base increases-meaning employment rates come back down below 7%-of working age people (working age may be redefined periodically based on SS age-eligibility bumps). Poll, poll, where's my poll, BC, James? anybody? How long will "temporary" last? til 2012? 2014? 2017? 2021?

  10.  
  11. #6

    Join Date
    Apr 2005
    Posts
    14,183
    Blog Entries
    12

    Default Re: Pay Freeze Announcement

    Obama administration announces two-year federal pay freeze

    By Emily Long elong@govexec.com
    November 29, 2010

    Federal employees will not receive any pay increases for two years, Obama administration officials announced on Monday.

    President Obama's proposed pay freeze for 2011 and 2012 will apply to all civilian workers, including Defense Department employees, but not military personnel. According to the White House, the freeze will save $28 billion over the next five years. The measure is a continuation of the administration's Accountable Government Initiative, designed to cut cost and save taxpayer dollars.
    More: http://www.govexec.com/story_page.cf...dcn=todaysnews

  12.  
  13. #7

    Default Re: Pay Freeze Announcement

    Will monitor this thread for wailing and gnashing of teeth.

    BUT - This is a good thing. Your pay DIDNT get cut.

    Count your blessings.
    I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.

  14.  
  15. #8

    Join Date
    Dec 2006
    Location
    Los Angeles
    Posts
    644

    Default Re: Pay Freeze Announcement

    A 2 year pay freeze will really hurt our new fed workers… I guess this will help control federal spending in DC… If you believe that will happen, hmmmmm No Comment… LOL
    Maintain a positive attitude, focus on what you want and show gratitude for what you have…

  16.  
  17. #9

    Join Date
    Apr 2005
    Posts
    14,183
    Blog Entries
    12

    Default Re: Pay Freeze Announcement

    And so it begins. The republicans proposed this, along with many other anti-government employee actions, at Youcut: http://republicanwhip.house.gov/YouCut/week2.htm


  18.  
  19. #10

    Default Re: Pay Freeze Announcement

    What about ATC folks who have a pay increase in their contract for 2 more years?
    100 G
    RSI - Relative Strength Indicator DMA - day moving average

  20.  
  21. #11

    Default Re: Pay Freeze Announcement

    I guess the question to ask, "Is this for cost of living increases or are we talking about freezing promotion steps and advances?".

    Who knows the answer?

    One more thing...those who are waiting to get their high three for retirement...isn't this a reason for not waiting...and just go ahead and retire?

  22.  
  23. #12

    Default Re: Pay Freeze Announcement

    I'm sifting through all the verbage..But I haven't seen anything that says Promotions will be curtailed or held in a save pay status...Including PCS moves...Only no COLAs for two years...

    I remember under the Reagan admin years..this was a year in, year out SOP..NO raises or promotions period! ...indefinitely.


    Additionally..The premium costs of your FEHBP..Etc will continue to go up..so in essence, it is a pay cut
    A wise man speaks when he has something to say...A FOOL speaks when he just has to say something

  24.  
Page 1 of 10 123 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
Pay Freeze Announcement
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Pay Freeze Announcement
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Pay Freeze Announcement
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Pay Freeze Announcement
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes