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Reply to "federal employee pay raise 2025"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Last year's was historically high. So we all got a morale boost and now it will average out to just normal bump in COLA. We really can't complain, that combined with reliable step increases not tied to performance is a pretty sweet deal.[/quote] It is? Maybe for a middling run of the mill employee. High performers are underpaid and will continue to be. The 5k max bonus at my agency for a 15 is sad. The cola wasn’t a morale boost either. It didn’t even keep up with inflation. We need a few more 5% increases just to do that. [/quote] We also get pensions, so private sector employees aren't crying for us...[/quote] New employees now pay 4.4% for that pension, and that makes the pension neutral from an actuarial perspective. In other words, those employees would do just as well getting to keep that money and invest it in the stock market.[/quote] DP I see the 4.4 as a wash with the TSP 5% match so it's not that bad to me. I like that part of my retirement is defined benefit. [/quote]
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