When times were good having a federal job was nice. When the going got tough having a federal job was golden. But next, Senior Correspondent Mike Causey says, c...
Even before the recession hit, having a government job was, for many people, a good thing. Safe, solid, secure. And it was too.
Once the recession hit, having a federal government job was no longer just good. It was golden. While tens of thousands of private sector workers were being laid off, many more took pay cuts – ranging from 5 to 25 percent – and a number of companies stopped making matching payments (typically 3 to 4 percent) to their employee 401k plans.
Over the past several years state and local government employment – once the fastest growing segment of the economy – has also taken several major hits. There have been give-backs and layoffs. In fact unemployment among public service (nonfederal) employees has led the unhappy parade. While some sectors of the economy are making a slow comeback, state and local government jobs are not.
Feds were jolted when a White House-appointed panel recommended a 3-year federal pay freeze and equally shocked when the president recommended and Congress okayed the current 2-year freeze. There is still serious talk about extending the freeze for another one, two or three years.
In addition there are proposals – some solid, some still floating in the political ether – that would permanently reduce take-home pay of workers and retirees. For example.
Plans and pledges to dramatically expand the role of government including “insourcing” tens of thousands of so-called inherently governmental jobs that were farmed out by both the Clinton and Bush administrations, have largely been put on hold.
Defense, the largest federal civilian employer, plans to limit its workforce at 2010 levels. Result, very little hiring for the foreseeable future. The U.S. Postal Service, second largest federal agency, is downsizing through controlled hiring and targeted buyouts.
So, assuming you love (or loved) your job, are you still having fun?
To reach me, mcausey@federalnewsradio.com
NEARLY USELESS FACTOID
Neptune takes about 165 years to complete a revolution of the Sun. According to National Geographic, Neptune was discovered about 165 (July 12, 1846) years ago. Therefore, this is the 1st anniversary of Neptune’s discovery.
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