Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Political Discussion
Reply to ""The Fiscal Cliff""
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When are the 10% cuts supposed to happen?[/quote] Sequestration will happen on the first of the new year. Right now, the lame duck Congress needs to figure out if they can come to an agreement with that dirty word, COMPROMISE, before then that will keep this from happening. But the middle class need not worry. Nancy Pelosi said months ago that the Democrats had the stronger position. If the don't get what they want, e.g. the end of the Bush era tax cuts for the wealthy, they'll wait until sequestration happens then they'll immediately introduce legislation that will begin new tax cuts for those making under $250K. The Republicans will not be able to stem off that bill. It's one thing for them to hold out on tax cut extensions for everyone. It is another thing for them to try to block a bill designed to give those making under $250K a tax cut right after sequestration. If they try to block the new legislation trying to hold out for tax cuts for everyone, they will suffer a lot more in the public polls and opinion and they could easily find themselves in a rout come mid-term elections in 2014. The Republicans are fast coming to a no-win situation if they don't actually compromise. [/quote] So government workers will receive termination notices in January? Will it be a gradual phase out, buy out or immediate layoff?[/quote] I'd imagine that each agency will determine how to manage the cuts. At mine we have already reduced all admin costs as much as they can be reduced and they already offered a buyout, which almost no one took. The current plan is for furloughs, but I did the math and can't see how that works out so I am assuming RIFs are coming. We've been saving like mad for months since I don't have much tenure. Additionally, this RIF guide from OPM states that severance is possible and so is unemployment. You will also get an annual leave payout. (See http://fehb.opm.gov/rif/general/egrifben.asp) According to OPM, the agency has to give you 60 days notice so if a RIF was coming on January 1, you would know by now. (See also http://www.opm.gov/reduction_in_force/general/rifguide.asp) [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics