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Federal Employees News Digest : March 4, 2013
trouble caused by the freeze looks even worse. Fully 74 percent of those sur- veyed report that---due to the pay freeze already in place---they "have had to cut back on necessities." Next, 66 percent report having "trouble making ends meet," with 60 percent saying they are "getting further into debt." Another 29 percent report already having sought "assistance or loans to pay ... bills." Under the sequester, 82 percent pre- dict they'll suffer further pay losses due to expected furloughs so bad they "will have trouble paying their rent or mort- gage, utility bills and food expenses," 63 percent say they "will have to take money out of savings or retirement," and 57 per- cent say they will need to take out "new debt to make ends meet." Union members meet representatives NTEU's Kelley unveiled the results at an event where she amplified the com- ing troubles for federal employees by introducing several union members who work for IRS and CBP and who were slated to speak to members of Congress about how furloughs will impact their financial situation, and how they might impede each agency's mission. "Their stories will underscore how, under sequestration, federal workers and their families will face financial hardships, including foreclosure, mak- ing hard choices about medical care and choices between paying bills and putting food on their tables," Kelley said. Kelley reiterated that federal workers to date "have contributed $103 billion to deficit reduction through the pay freeze"---beginning in January 2011---as well as through raised pension contribu- tions coming in from new federal hires. For more on the survey, go to www. nteu.org. ••• In Brief GSa cancels annual expo training conference In the midst of growing concern over budget cuts and with the looming sequester that promises even scarcer resources, the Government Services Administration has "suspended" its annual training conference, the agency said in a Feb. 26th statement. "The GSA Expo and Training confer- ence serves as a valuable forum for govern- ment procurement professionals to receive acquisition training and where vendors can access business opportunities with the gov- ernment and industry to interact for the benefit of the American people," the GSA announced on its website. "However, in the current fiscal climate, agencies and businesses alike have been forced to make tough spending cuts," the announcement continued. "After care- fully reviewing the projected spending and attendance for this year's conference, GSA is suspending Expo for 2013 in an effort to use our resources responsibly and to deliver better value and savings March 4, 2013 Vol. 62, No. 31 4 Visit us on the Internet at www.FederalDaily.com continued from page 3 One Website... Breaking News Policy Reference Legal Updates Job Listings Forums Career Blogs Retirement Strategy Pay & Bene ts Guidance Financial Planning ...Hundreds of Resources www.FederalDaily.com Check in daily to: • Read headlines and top stories, including breaking policy news • Find job opportunities and federal resources inside FedCentral • Join the conversation with 50,000+ feds in the Federal Soup forums • Shop for federal benefts and retirement guides in the FedStore continued on page 8
Feb. 25, 2013
March 11, 2013