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Home | Resources | Federal Employee Pay Freeze Calculator

Federal Employee Pay Freeze Calculator
March 20, 2012
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In November 2010, President Obama issued a two-year federal employee pay freeze that will end December 31, 2012. 

Since then, Congress has issued several measures to extend the pay freeze, including the recent 2013 budget plan, which proposes to continue it until 2015.

One employee group -- the International Federation of Professional and Technical Engineers (IFPTE) -- has created an online calculator to help all federal employees understand the true long-term costs to their wallet from an extended pay freeze.  

"IFPTE thought it prudent to put into concrete numbers the cumulative loss to federal employees on an individual level. So, we created the IFPTE Federal Pay Freeze Calculator," the group explains. "The money that a worker loses during a two and/or three year pay freeze is a permanent reduction that will cost them money each and every year thereafter that they continue to work."

To access the pay freeze calculator, go to:

·  House Budget Plan Extends Federal Pay Freeze to 2015, Increases Retirement Contributions
·  White House 2013 Proposal for 0.5% Pay Raise, Cuts to Retirement Benefits Blasted by Employee Groups
·  Federal Pay Freeze for 2011 - 2012 Signed Into Law

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Read federal retirement articles written by federal benefits expert and Certified Financial Planner, Edward Zurndorfer

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