Showing 2 ideas for tag "payoll"

Department of the Treasury

Hold Pension & Payroll for One Day in ACH Interest Bearing Accou

In administering the provisions of law relating to pay, retirement and leave of absence, the federal government is required to ensure employees and retirees receive their paychecks on or before the second Thursday following each pay period. These provisions were enacted many years ago when payroll processes were far less efficient (cashiers, paper checks, mail, etc.).

Now that virtually all federal employees and retirees... more »



Department of Homeland Security

Benchmark Private Industry with Early Retirement Package

Many federal employees are "Retired-in-Place" today. They are simply overhead, putting in the time at work but not contributing to the bottom line. By offering periodic early retirement packages to all federal employees, the "cost" of the early retirement package would be offset by the billions of dollars that would be saved though the ongoing salaries and the Federal government's non retired shared benefits costs.... more »