Many federal workers would still get pay raises the next two years despite the limited salary freeze President Obama proposed this week for 2.2 million government employees.The president’s proposal, if approved by Congress, would stop across-the-board pay hikes set for January 2011 and January 2012.
But many federal workers will receive other pay hikes — longevity increases (called steps), promotions in grade, bonuses, overtime and other cash payments.
Most federal employees are ranked at a General Schedule (GS) grade from 1 to 15, and each grade has 10 steps within it.
How much more do Federal employees earn than those in the private sector?
USA Today reports,
Full-time federal employees earned an average of $81,258 in pay last year and $41,791 in benefits, the Bureau of Economic Analysis (BEA) reports.
By comparison, the private worker earned $50,462 in pay and $10,589 in benefits, meaning that federal workers earn about half more in pay but four times as much in benefits, the BEA says…
The big advantage for federal workers over private-sector workers comes in time off, pensions and lesser-known benefits.