Congressional Research Service
TO: Office of Senator Benjamin Cardin
This memorandum responds to your request for a summary of changes to the pay and retirement benefits of federal employees in support of deficit reduction. In particular, you requested information on three recent changes in these policy areas:
1. the three-year freeze in federal salaries;
2. the federal pay consequences of furloughs due to the sequester under the Budget Control Act of 2011 (BCA; P.L. 112-25, as amended); and
3. the changes to federal retirement contributions and benefits enacted under the Middle Class Tax Relief and Job Creation Act of 2012(P.L. 112-96).
This memorandum summarizes these changes and, where available, provides existing, nonpartisan cost estimates of their budgetary effects from the Congressional Budget Office (CBO).
Some of the information in this memorandum is drawn from publicly available sources and is of general interest to Congress. As such, all or part of this information may be provided in memoranda or reports for general distribution to Congress. Your confidentiality as a requester will be preserved in any case.
Date of Report: December 6, 2013
Number of Pages: 6
Order Number: M-120613
Price: $19.95
To Order:
CLICK: M-120613.pdf to use the SECURE SHOPPING CART
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Recent Changes to Federal Employee Pay and Retirement Benefits in Support of Deficit Reduction - M-