Is president’s 1% raise for government workers fair?

Is president's 1% raise for government workers fair?

[ad_1]

rssfeeds.usatoday.com

President Trump this week proposed a modest 1% pay increase and less generous retirement benefits for federal workers.

The proposal, included in Trump’s fiscal 2021 budget blueprint, is reigniting a longstanding debate over whether federal employees earn too much, or too little, compared to their private-sector counterparts. 

The president’s budget cites a 2017 Congressional Budget Office study that found federal workers’ total compensation on average is 17% higher than private-sector workers in similar jobs, chiefly because of their benefits.

“CBO found that, in comparison to the private sector, the federal government continues to offer a very generous package of retirement benefits,” the budget plan says.

Trump and Social Security:Here’s what president’s proposed budget could mean for your benefits

Trump and student loans:Which student loan programs would vanish if Trump’s proposed budget goes through?

Federal employee advocates disagreed.

“For an administration that has added $3 trillion to the federal debt, gouging federal employee pay and benefits in the name of deficit reduction is ridiculous,” Tony Reardon, president of the National Treasury Employees Union, said in a statement.

[ad_2]

Source link

Published
Categorized as Business

By Bernice Caldwell

Bernice is one of the finest authors Industry News Today portal has until now. Bernice's linguistic and well-written technique is one of the plus points that have the readers glued to her articles. Bernice currently heads the Healthcare and Services domain as her knowledge on the medical topics is immense. She has just joined the Industry News Today portal 6 Months back but the love for writing can be very well seen. She may be short on experience but it has definitely not stopped her from presenting some of the finest articles. Bernice is currently a very well-known personality on the portal to have shown her skillful writing in such a limited time span.

Leave a comment

Your email address will not be published. Required fields are marked *