2024 RSC Budget Would Slash Federal Employee Pay, Benefits
The 2024 Republican Study Committee (RSC) budget blueprint proposes substantial cuts to federal employees’ pay and benefits.
The fiscal year 2024 budget from the Republican Study Committee (RSC) would make drastic reductions to the pay and benefits of federal employees.
Among the proposed changes to federal employees’ pay and benefits are:
- Reforming paid leave policies to match the value of private sector benefits
- Ending automatic pay raises for federal employees
- Restrictions on bonuses paid to federal employees
- Elimination of pensions for newly hired federal employees
- Changing from a high-three to a high-five pension calculation for current federal employees
- Moving to a voucher system for FEHB premiums
Reforms to Federal Employee Pay
The 2024 RSC budget notes that the compensation system currently used for federal employees “largely ignores the more efficient compensation approach used in the private sector.”
Furthermore, it points to a 2017 report from the Congressional Budget Office which found that federal employees earn, on average, 17% more than their private sector counterparts.
Consequently, the 2024 RSC budget proposes the following reforms to federal employee pay. Click HERE to read more.
