Federal agencies could pay their best senior executives more each year—if the agencies lower performance ratings for their executives overall, under a provision included in the pending homeland security legislation.
PAY & BENEFITS - ALL ARTICLES
Agencies across the federal government will get new personnel powers and incentives for employees under the bill creating the new Department of Homeland Security.
The Office of Personnel Management will have a new executive team within the next few weeks, OPM Director Kay Coles James announced Tuesday.
Federal employees age 50 or older will be able to contribute thousands of more dollars to their Thrift Savings Plan accounts each year, under a bill passed by Congress this week.
Most agencies are getting a gift in the Homeland Security bill: new buyout authority.
Federal employees are likely to receive a 4.1 percent average pay raise in 2003, but may have to wait a few weeks at the beginning of the year to get it.