Posted on 06/14/2010 6:39:17 PM PDT by PROCON
The Obama Administration handed out more than $400 million in awards to federal employees last year, up by more than $80 million from the prior year, according to new government data.
The biggest winners were air traffic controllers and top managers in Washington, a review of fiscal year 2009 salary reports from the U.S. Office of Personnel Management showed.
OPM’s data, obtained by the Asbury Park Press through a freedom of information request, account for 1.3 million employees, or about 65 percent of the federal civilian work force.
(Excerpt) Read more at biggovernment.com ...
So why are they getting bonuses?
With the exception of the Air Traffic Controllers I can’t imagine it is for performance.
I at least have not heard of any Government entities coming in under budget in my life time.
I think it would have made the news.
What happens when the money runs out? All these dependents aren’t going to go quietly into the night when their freebies go away.
The government did not take away the private sector engineers salaries, it was corporate America who took away the aging engineers’ salaries and off shored their jobs with cheaper Chinese/Indian engineers.Look up Tax Code 1706. See for example Our Low-Tech Tax Code
The FedGov took it ALL away, and then with the H1B's made sure it could never come back.
NEWS: Private sector employees are just damned happy to still have a fricking JOB.
Not only should these 'Federal' employees NOT be getting bonuses, they should see their pay slashed by 15% so they can 'feel our pain'.
Why do government employees get bonuses for doing their job?
I wrote my response before reading yours. I like yours better.
The job will take 3 months.
You get it done in 2 months, knocking a full month off the schedule. The work that line will be doing used to require 200 people, and now 100 people can do it, and you got it going a full month ahead of time.
The advantage you provided through astute management of the installation is 1/12 of $6 million, or $500,000.
USPS will probably give you a 2.5% bonus (if you get an outstanding rating) over basic salary.
That salary is probably about $110,000 (to do work like this), and your bonus will be $2,700.
Ain't a bad deal for the government!
At any given moment USPS probably has as many as 5,000 managers engaged in work like that somewhere.
They work their tails off to get a few more bucks.
“The federal pensions are paid out of funds that are, for the most part, funded up front by deductions from federal employee salaries.”
You are wildly misinformed about federal government compensation. Federal employees pay only a small amount towards their pension. Federal employees contribute 0.8% and taxpayers pay 11.2%. In addition, the federal goverment contributes 6.2% for Social Security and another 5% for the 401K plan. I have heard federal government employees downplay the value of their retirement compensation. While it is true that the replacement rate is smaller than most state plans, the pension includes a 5 year supplement to cover Social Security if retiring at age 57. The most important part is the COLA. Unlike any other pension except Social Security, federal employees receive the CPI-W COLA that has consistently overstated inflation for many years. No other state pension plan comes near the CPI-W COLA.
Regarding the medical benefits, you are receiving a large subsidy. You need to compare your cost to the private sector cost without being on the government plan. With this comparison, you would find that your subsidy is more than $20,000 per year.
The worst part about federal retirement benefits is that all benefits are completely unfunded. There are no savings to pay for the benefits. The cost of the benefits will fall to future taxpayers. The taxpayer contribution is used to pay benefits or fund other parts of the government. Federal pensions should have portfolio of perhap $1 trillion to support benefits. Instead, federal pensions will be another large contributor of future debt.
You people who've never scored an extra billion bucks should be ashamed of yourselves!
They never let you in on what they do at the Pentagon did they?!
They never let you in on what they do at the Pentagon did they?!
Please mail the good retired postal inspector some socks to stick in his craw.
I guess that’s not a particularly helpful comment, but again — WHERE IS ANY SENSE OF SHAME BY THESE FEDERAL SINECURE HOLDERS?
You can read all about the FERS and CSRS systems on the internet. You can continue to think the employee contributions don’t end up financing what they get out of the system if you want, but you’d be NUTS to do so.
People wouldn't take these jobs if they couldn't get paid.
I'm sure you wouldn't.
Ok. So. We pay them a bonus to do what we hired them to do in the first place? AUGGGHHH!
Count me in. Bastard is draining our treasury and laughing about it...
I’m pro privatization of the military and that includes nearly all intelligence gathering.
IMO real secrets are rare. And should be — but there are ten thousand things classified for every thing that needs to be a secret, and what should be secret ends up not.
Remember, some people have power and some imagine they do. You know you have the power when they avoid you like the plague.
It would never have occurred to me to whore out for a civilian government trough/job...
Oddly enough, that’s about how much money unions spent to get Obama and his Democrat minions elected in 2008. No connection. Just an interesting coincidence.
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