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The Alaska Permanent Fund (APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC). [1] It was established in Alaska in 1976 [ 2 ] by Article 9, Section 15 of the Alaska State Constitution [ 3 ] under Governor Jay Hammond and Attorney General Avrum Gross .
The Federal Salary Council (FSC) is an advisory body of the executive branch of the United States government. Established under the provisions of Title 5, section 5304(e) of the United States Code, the FSC provides recommendations on the locality pay program, [1] created by the Federal Employees Pay Comparability Act of 1990 (FEPCA).
The major provisions in the act included, but were not limited to, performance appraisals for all employees, merit pay on a variety of levels (but focusing on managerial levels), and modifications for dealing with poor performers. [3] This merit pay system was a break in the long tradition of automatic salary increases based on length of service.
Tens of thousands of US government workers have reportedly accepted an offer from the Trump administration to resign in exchange for continued pay until 30 September. Some two million federal ...
This means that employees can pay for various medical costs, ranging from premiums to copayments, without subjecting those funds to federal, and often state and local, income taxes.
Trump’s resignation offer to millions of federal workers is a legal nightmare—and the fight has only just begun Sara Braun Updated February 6, 2025 at 4:42 PM
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
Trump's order that all federal employees return to office was too much, especially when coupled with the offer of a buyout that comes with eight months of pay and benefits.