By Lindsay Wise McClatchy Newspapers
WASHINGTON — An elite group of federal employees is set to receive cash bonuses despite this year’s automatic budget cuts, according to a report by a Senate subcommittee.
The report showed that members of the government’s highly paid Senior Executive Service — who make up less than 1% of the federal work force — had received more than $340 million in bonuses from 2008 through 2011. The bonuses came on top of annual salaries that ranged from $119,000 to $179,000.
In a process known as sequestration, $85 billion in across-the-board federal spending cuts took effect March 1, forcing the government to slash services and furlough workers. A month later, the Obama administration froze bonuses for the vast majority of federal workers. Continue reading “Government executives could rake in bonuses as other workers furloughed”