Initial group scheduled to enter the personnel system is cut by 54,000 employees and start date is pushed back by four months.
PAY & BENEFITS - ALL ARTICLES
The recipe actually used to derive the civilian pay raise puts employees in line for a 2.2 percent hike in 2007.
Arbitrator grants additional funds after a $20 million summer ruling.
If allowed to stand, administrative judge decision could qualify more employees for retroactive pay.
Through the spring, employees can make multiple withdrawals without having to halt contributions.
Officials also announce a 3.1 percent pay raise coupled with a 1 percent locality increase.
Why the Human Capital Performance Fund, designed to reward top performers, never got off the ground.
Decrease will bring the rate for federal employees in line with that set by the IRS.
International stocks are biggest performers, gaining 4.64 percent.
Managers can continue to work on “soft skills” while department reevaluates details of human resources reforms.