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."