Pay Freeze, By the Numbers

2-Year Pay Freeze BY THE NUMBERS:for Federal workers federal Workers 2.1 MILLION NUMBER OF CIVILIAN FEDS THAT WILL BE AFFECTED Freeze will save: On November 29, 2010, $2 billion in FY 2011 Without congressional action, federal employees President Obama announced a two-year pay freeze for $28 billion over 6 years would automatically get a 0.9% increase under government employees. The freeze will take effect on $60 billion over 10 years the formula set by a 1990 law. They received a January 1, 2011 if Congress 1.9% pay increase in 2010. approves the move by the end of the year. According to a recent In a 2010 National League of Cities study, The freeze applies to all CNN poll, 64% say step Executive Branch workers -- 51% of cities had frozen salaries of city employees; including civilian employees of in right direction, 36% 22% had revised union contracts to reduce some pay and benefits; the Department of Defense -- say not enough money 19% had instituted furloughs. but not military personnel, saved, don’t bother. government contractors, postal workers, members of Congress, Congressional staffers, or federal court judges and workers. 3 MYTHS DEBUNKED Myth: Pay freezes are Myth: The freeze will Myth: Federal employees common. affect pay grade and weren’t expecting any step increases. upcoming increases. Fact: The freeze would be Fact: The freeze is only the first two-year halt to Fact: Federal employees applicable to the annual were scheduled to federal raises in modern Cost of Living Allowance receive a 1.4% across- history. (COLA). The pay freeze will the-board raise in 2011 not affect step/grade and 3.9% in 2012. increases or bonuses. SOURCES: White House Office of the Press Secretary, Washington Post, The Hill, NYTimes, CNNMoney For more information, visit www.govloop.com. To voice your opinion, we invite you to join our Facebook page.

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Pay Freeze, By the Numbers

by GovLoop on Nov 30, 2010

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Pay Freeze, By the Numbers — Presentation Transcript