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View Diary: Federal workers will be hit with a third year of frozen pay (29 comments)

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  •  No -- we're talking "fiscal years" (0+ / 0-)

    The freeze the President announced in 2010 was for the 2011 fiscal year which began on October 1, 2010.

    So pay was frozen for FY 2011 and FY 2012. The President wanted to give federal employees a .05 percent raise for FY 2013 (which is already 6 months old).

    Please note that costs did not stop rising for those working for the Federal government -- food, medicine, insurance, taxes, all rose while our pay didn't.

    This is one of the reasons I retired at the end of 2011. I was long past the point of getting step increases and being close to retirement I knew there would be no promotion that might help my income (which would have left me trying to decide which bills I could afford to pay each month had I stayed).

    At least in retirement I can give myself a raise out of my Thrift Savings Plan* account when I need to... which is more than the folks I left behind can do.

    *Federal 401(k) equivalent

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