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Sunday, February 7, 2010

 

Recession? What Recession?

Some of you may have noticed that there is an economic recession. Times are tough — unless you work for the Feds.

The number of federal workers earning six-figure salaries increased sharply during the recession. The trend to six-figure salaries is occurring throughout the federal government, in agencies big and small, high-tech and low-tech. The primary cause: substantial pay raises and new salary rules.

USA TODAY analyzed the Office of Personnel Management's database that tracks salaries of more than 2 million federal workers. Excluded from OPM's data:
Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession's first 18 months — and that's before overtime pay and bonuses are counted.

Key reasons for the boom in six-figure salaries:
Recession? What recession?

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