The Vast Majority of IRS Employees Aren't Corrupt
GSA Mishandled Executive Bonuses
EIG 2013 as Told by Your Tweets
Infographic: Nominee Limbo
Will You Be Furloughed?
Boldly Go Where No Fed's Gone Before
High Pay at the Fed
- September 12, 1996
- Comments
THE DAILY FED
High Pay at the Fed
The Associated Press reports today that the number of employees at the Federal Reserve's headquarters in Washington who make more than $125,000 per year has more than doubled since 1993.
Representative Henry Gonzalez, D-Texas, in a letter to Federal reserve Chairman Alan Greenspan, questioning whether the Fed had too many highly-paid employees. Salary costs for the whole Federal Reserve system rose 44 percent from 1988 to 1994, according to data gathered by Gonzalez's staff.
A dozen employees at the Fed earn $174,000 a year, and its support services director earns $163,800 a year. By way of comparison, Cabinet secretaries earn $148,400 and Federal Reserve chairman Alan Greenspan makes $133,600.
Cutting costs: Inside the effort to improve the efficiency of federal operations
Sponsored
3 Ways Data is Improving DoD Performance
Research Report: Powering Continuous Monitoring Through Big Data
Need to Know Memo: Big Data
By using this service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although GovExec.com does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.
