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Pays & Benefits for Federal Employees: An Overview

Pays & Benefits for Federal Employees: An Overview

Want to make sure you’re cared for even after retirement? Working for Uncle Sam has more perks than you know! Asone of the largest employers, the U.S. government leverages excellent benefits for all its civil service employees.

Let’s look at how federal employees are rewarded during(and even after) their golden years of service:

High Pay and Better Job Security

Typically, government jobs are more stable and secure than jobs in the private sector. This is because federal employees aren’t as impacted by economic shiftsand see less risk of layoffs.

Not only are the jobs secure, but federal employees, on average, are paid more compared to their private-sector counterparts, along with bigger benefit packages.

Federal Pay Programs

The Department of Defense (DOD) is responsible for conducting Federal Wage System (FWS) surveys and issuing wage schedules.

Apart from FWS, other government-wide pay programs for federal employees include Law Enforcement Officer (LEO) Pay Schedulesand the General Schedule (GS).

Recruitment, Relocation and Retention Bonuses

These 3Rs incentives are maintained by the Federal agencies in order to recruit and retain a superb workforce.

New employees that are recruited for hard to fill positions are often eligible for 25% of base pay in recruitment bonuses. Needless to say, it’s a great way to value employees and keep them engaged and motivated.

Moreover, employees may even get a relocation bonus that’s 25% of their base pay in order to fill positions in different commuting areas.

Federal employees can even sign up for pay retention allowances to keep their current pay if they’re moved to lower-paying positions. This is a great incentive for employees who plan to move to different agencies or departments.

Federal Student Loan Repayment Program

The federal government also offers to repay federally insured student loans as a recruitment or retention incentive for employees. With student loan crisis being a hot topic these days, these perks appeal to alot of applicants.

Federal Employees Health Benefits Program (FEHB)

Under the FEHB Program, federal employees, survivors and retirees enjoy a wide selection of health plan options. They can choose from High Deductible and Consumer-Driven health plans with outstanding risk protection, Fee-for-Service (FFS) plans or reimbursable/health saving accounts with lower premiums.

So, what are you waiting for? Apply for a civil service job today and enjoy generous incentive awards and unmatched job security. As one of the leading tutoring companies, we can help you prepare for NYC Sanitation Worker and NYS Court Officer exams with scheduled classes and exam workshops.

Register today to become a New York State civil service worker!

 

By |2020-02-18T11:13:03+00:00February 11th, 2020|Blog|0 Comments

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