A government shutdown: What federal employees need to know about their pay and benefits

A government shutdown: What federal employees need to know about their pay and benefits

By Eric Yoder September 18 at 6:00 AM

With a potential government funding lapse drawing close, some financial planning now will help federal employees be ready if the money stops Oct. 1.

The good news for some is that the money won’t stop. For the most part, this involves those working for agencies that are “exempt” from a shutdown because they don’t get their funding through the congressional appropriations process.

The largest of these is the U.S. Postal Service, which operates on income from postage and the items it sells. Other agencies, or parts of them, also have funding not subject to annual appropriations — for example, through fees they charge for their services, or from trust funds or multi-year budgets. Continue reading “A government shutdown: What federal employees need to know about their pay and benefits”

2014 Brings More Changes to Federal Pay and Benefits

2014 Brings More Changes to Federal Pay and Benefits

Mmaxer/Shutterstock.com

The new year has ushered in several developments related to federal employees’ pay and benefits — some more positive than others.

Headlining that list, of course, is the end of a three-year pay freeze for most federal workers, who received a 1 percent pay bump on Jan. 1. However, there also have been some less high-profile changes.

Debt Collection

Historically, federal agencies have had 10 years to collect money their employees owed to the government, not including outstanding tax debts. Continue reading “2014 Brings More Changes to Federal Pay and Benefits”

Spending bill grants 1 percent pay raise to blue-collar feds

Spending bill grants 1 percent pay raise to blue-collar feds

Tuesday – 1/14/2014, 8:33am EST

The bipartisan spending bill unveilved Monday night grants a 1 percent pay raise to blue-collar federal employees.

This is the first pay raise in three years for employees under the wage-grade system.

“I’m proud to fight on the front lines for federal employee pay as hard as federal employees fight on the front lines each and every day for America,” Sen. Barbara Mikulski (D-Md.) said in a statement. “This long-overdue modest pay raise for federal government employees is a good step in recognizing the value of blue-collar federal workers.” Continue reading “Spending bill grants 1 percent pay raise to blue-collar feds”