October 19, 2015
The outgoing president of a federal executives association is advising the workforce not to get their hopes up about any improvements in pay and benefits.
In a recent interview with The Washington Post, Senior Executives Association President Carol A. Bonosaro offered a sour outlook when asked for her thoughts on the subject on the heels of her retirement.
On better pay and benefits
“I think not much,” she said, according to the newspaper. “I think that pay increases will be incremental at best. Unless things change radically, we’ll continue to see attacks on federal benefits.”
Will the situation improve?
“I don’t see any glimmers of hope on the horizon,” the newspaper quoted her as saying.
Can anything be done?
“You mean other than burning incense and saying a quick novena? I wish I knew.”
Ms. Bonosaro has been president of the Senior Executives Association since 1986, according to her retirement announcement posted on the organization’s website. The nonprofit “advocates (for) the interests of career federal executives,” active and retired.
Her words may chill the hopes of federal workers like you who are yearning for higher pay and stable benefits that stop cutting deeper into your salary for out-of-pocket expenses.
But from everything we’ve seen and heard, including reporting we’ve done on this blog, there appears to be little chance federal workers will stop seeing tiny pay increases and cuts in benefits.
Unfortunately, Ms. Bonosaro is telling the truth. It appears the federal government is too cash-strapped to extend generous pay and benefit offers above and beyond what is mandated to you by law.
So for you, that means you may have to explore other choices to make sure you secure your retirement and maximize your pay and benefits today. We can help. Please contact one of our benefits specialists today for a free consultation.
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