NCUA Public Affairs Specialist John Fairbanks said Friday theagency is reviewing the spending bill passed by Congress this weekto determine how the federal pay freeze, included in H.R. 933, willapply to theagency's employees and budget.
|The Senate passed the $984 billion spending bill Wednesday by a73-26 vote and the House passed it Thursday 318-109. It now awaitsPresident Barack Obama's signature. Obama has expresseddisappointment with the pay freeze but has not threatened to vetoit. The bill will fund the federal government through the end ofthe fiscal year, Sept. 30.
|The NCUA's 2013 budget includes a 7.5%increase in employee pay and benefits, which reflected thepossibility of a federal employee pay raise. However, the agencysaid when it unveiled the budget in November 2012 that the raisewas subject to Congressional approval.
|Chairman Debbie Matz said if Congress did not approve the payincrease, the budgeted amount – as much as $9 million – would bereturned at the board's mid-year budget review in July.
|This is the third consecutive year some NCUA employees have notreceived a pay increase. Obama is expected to propose a 1% federalpay increase in his 2014 budget, which has not yet beenreleased.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
