Tag: Jeanne Shaheen

Union survey shows sequester will financially hurt many feds

 Colleen Kelley, NTEU president, said that sequestration would be devastating to federal employees and would require agencies to cut indiscriminately from their budgets instead of prioritizing the most important functions.
 Colleen Kelley, NTEU president, said that sequestration would be devastating to federal employees and would require agencies to cut indiscriminately from their budgets instead of prioritizing the most important functions. ()

Most federal employees would have trouble paying for basic expenses if their agencies institute furloughs, according to a survey of National Treasury Employee Union members.

The NTEU surveyed 2,200 of its members and 82 percent said a furlough of one week to one month would make it difficult for them to pay for housing, food and utilities.

Nearly two-thirds — 63 percent — would have to take money out of savings or retirement accounts, while 57 percent would have to take out loans or incur new debt to make ends meet, according to the survey, which was released at NTEU’s annual legislative conference. Continue reading “Union survey shows sequester will financially hurt many feds”

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