Conservative Political Forum

General Category => Financial => Topic started by: Hoofer on September 02, 2017, 09:05:28 AM

Title: Trump cuts Federal pay raises
Post by: Hoofer on September 02, 2017, 09:05:28 AM
Please.... hope it's true and sticks!

http://www.dailymail.co.uk/news/article-4844368/Trump-cut-pay-raises-federal-employees-2018.html
QuoteBase salary increases for most civilian federal employees are on autopilot, and would have ticked up by 1.9 per cent at the end of the year if Trump hadn't intervened.

Instead, that number will be just 1.4 per cent – far less than the 2.1 per cent increase workers got in January 2017.
But former President Barack Obama gave them just 1.3 per cent extra in 2016.

In addition, Trump said, 'locality pay increases averaging 26.16 percent and costing $26 billion would go into effect in January 2018.'
Trump is adjusting that to an average increase of just 0.5 per cent.

'Locality' bonuses are supplements to base government workers' salaries based on where they live, accounting for differences in the cost of living in various parts of the country.

Dang!   Could you imagine a direct 26% cost-of-living raise every year...?  On top of a 2% pay raise?

QuoteUnder Trump's budget proposal, released in May, military servicemen and women will see their pay increase by 2.1 per cent.
So the military is not affected.
Title: Re: Trump cuts Federal pay raises
Post by: tac on September 02, 2017, 09:32:52 AM
I'm glad the military isn't getting shafted - again.  :thumbup:
Title: Re: Trump cuts Federal pay raises
Post by: supsalemgr on September 02, 2017, 10:25:59 AM
Quote from: tac on September 02, 2017, 09:32:52 AM
I'm glad the military isn't getting shafted - again.  :thumbup:

This civilian employees are lucky they are getting any raises at all. A private business would not be giving out raises being run as inefficiently as the government is run.