OPM director says on average, retirees initially receive only 80 percent of what they are owed.
PAY & BENEFITS - ALL ARTICLES
Pay for performance in government isn’t exactly a new concept.
New funds put retirement investments on “cruise control,” automatically shifting money from a mix of riskier to more conservative investments as participants age.
Money saved for braces, laser eye surgery and even summer camp can be tax-free.
But GAO says their experience shows that compensation changes must be part of broader performance improvement initiatives.
Senior White House officials received raises to $161,000 per year at the beginning of July.
House panel questions why employees at Defense facilities need security standards more stringent than those for other federal workers.
More than 12,000 managers will attend sessions between now and October.
Shift to pay-for-performance in senior ranks spurs curiosity at lower levels, say panelists at Excellence in Government conference.