Sen. Richard Burr, R-N.C., questions current and former IRS employees May 21 before the Senate Finance Committee in Washington. (Getty Images)
Newly hired federal employees would not be eligible for traditional pensions under a bill reintroduced last week by Sen. Richard Burr, R-N.C., and two colleagues.
The measure, which would also apply to new members of Congress, would end the defined benefit portion of the Federal Employees Retirement System (FERS) for employees who come on board starting six months after it is signed into law, according to a news release from Burr’s office.
New federal employees could still participate in the Thrift Savings Plan,the federal government’s equivalent of a 401(k)-type program under which agencies match employees’ contributions up to 5 percent of their salaries.
Continue reading “Bill would end pensions for new feds”
The total federal workforce dropped by 14,000 employees in May, the Bureau of Labor Statistics said June 7, bringing the government’s staffing levels to its lowest point in more than five years.
May’s decline means federal payrolls — including U.S. Postal Service workers — have now dropped by 45,000 over the last three months. There are now 2,748,000 federal employees in the government — the lowest since February 2008, when there were 2,747,000 federal workers. The federal workforce has now fallen 20 percent since its peak in May 2010, when there were 3,415,000 employees. Continue reading “Federal workforce dips 20 percent since May 2010 peak”
By SAM HANANEL 03/08/13 03:04 PM ET EST
WASHINGTON — First there was a two-year pay freeze. Now furloughs loom, as federal agencies make personnel costs a prime target for across-the-board budget cuts that went into effect last week. The result: anxiety and low morale in a workforce often envied for its job security.
“It would certainly put a strain on things,” said Jonathan Schweizer, 61, an environmental engineer at the Environmental Protection Agency in Chicago who could be forced to take up to 13 days of unpaid leave this year. “I’d probably have to run up some credit card debt or defer maintenance on my home that I’d otherwise consider important.” Continue reading “Furloughs Vary Widely At Government Agencies Amid Sequestration Cuts”