| Comment Number: | OL-10502112 |
| Received: | 3/1/2005 7:44:14 AM |
| Subject: | Notice of Proposed Rulemaking, Request for Comment |
| Title: | National Security Personnel System |
| CFR Citation: | 5 CFR Chapter XCIX and Part 9901 |
| No Attachments |
Comments:
Pay Banding and how it will be detrimental to the Federal Work Force. Currently we in the GS can expect to see a fifteen percent turn in personnel, at a cost of 2,173,576,000 annual. Under the pay banding implementation we can expect to see a one hundred percent turn within ten years at a cost of 16,883,904,000 annual. Pay Banding will incur a substantial loss to both new, and tenured employees, and the Federal Government. The following is a chart of the total costs per employees over a twenty year career. This is the amount each employee will lose, once the current pay entitlements known as step increases are eliminated. GS 15 = $314,820.00 GS 14 = $267,624.00 GS 13 = $226,396.00 GS 12 = $190,394.00 GS 11 = $157,667.00 GS 10 = $140,605.00 GS 9 = $131,329.00 GS 8 = $118,908.00 GS 7 = $107,352.00 GS 6 = 96,660 GS 5 = $86,724 I would like to suggest a recruitment and retention bonus be implemented to offset this loss. The amount can be pro rated for tenured employees, and reduced for those who leave before twenty years. This bonus would be deposited into the TSP and would be the incentive for current and future employees to stay on board until they would like to retire.This bonus will enable the rest of expected changes to be most effective and cost efficient for the government. Best Regards, Allen C. Rose Jr.