President Obama has proposed a pay freeze for civilian federal employees in order to cut the deficit, announced the White House today. The pay freeze will be in effect for two years, 2011 and 2012.
For a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now!The pay freeze will apply to all civilian federal employees, including those in various alternative pay plans and those working at the Department of Defense – but not military personnel.
"This two-year pay freeze will save $2 billion for the remainder of FY 2011, $28 billion over the next five years, and more than $60 billion over the next 10 years," according to the White House fact sheet.