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Some members of the U.S. military, especially those serving at some of the most expensive duty assignments, are set to receive a cut in monthly allowance designed to offset the high costs of living. According to a report from Military.com, the Defense Department will make a second round of cuts to troops’ overseas cost-of-living allowances (OCOLA) next month, with the final cut coming on Nov. 15 and affecting members’ Dec. 1 paychecks. It seems a bit odd — unfair, even — that those who are already sacrificing to protect their country are being asked to take multiple cuts in pay...

McDonald’s Corp.’s restructuring this week is reaching company wide, resulting in hundreds of layoffs and for some employees reductions in their packages, according to people familiar with the matter. Job cuts and changes at the burger chain have affected employees in the U.S. and abroad, at McDonald’s Chicago headquarters and in its field offices, and across departments including marketing and operations, the people said. The corporate restructuring has unfolded in a multipart process this week, some of the people said and internal company communications showed. McDonald’s temporarily closed its U.S. offices and started informing some corporate employees about layoffs on...

Mike Gundy, the Oklahoma State football coach who faced a strong backlash last month after being spotted wearing an OAN shirt, has greed to accept a $1 million pay cut and a one-year reduction in contract length. “The changes were offered up by Mike Gundy, and I commend him for that. It was his idea to take a million-dollar pay cut,” Oklahoma State Athletic Director Mike Holder said on Friday. “I think it really demonstrates his commitment to being a better coach. He wanted to make a statement that assured all the players that this wasn’t just about talk, this...

Against the backdrop of President Trump’s latest tweet urging NFL players to stand for the national anthem, three members of the Miami Dolphins took a knee during the national anthem and the New Orleans Saints knelt, then rose to their feet before Sunday morning’s game in London’s Wembley Stadium. The Saints, as quarterback Drew Brees had promised in a tweet, emulated the Dallas Cowboys, who last week took a knee with owner Jerry Jones, then stood for the anthem. “As a way to show respect to all, our #Saints team will kneel in solidarity prior to the national anthem &...

790 shares 100 View comments President Barack Obama pledged in the spring of 2013 to give back 5 per cent of his $400,000 salary in solidarity with federal government workers who were expected to lose an average of two weeks' pay because of automatic budget cuts – known in Washington parlance as a 'sequester.' A year later, however, it's not clear that he made good on his $20,000 promise. Mr. and Mrs. Obama's 2013 tax return, which the White House published last month, shows an adjusted gross income of $481,098. The couple claimed $147,769 in itemized deductions, but no line-item...

U.S. lawmakers won’t have their $174,000 salaries affected by across-the-board government spending cuts going into effect this month, but there’s little clarity about how the bank accounts of senators and representatives were spared in the so-called sequester. The spending cuts hit every budget account with a few exceptions that were written into the law that set up the federal budgeting process more than two decades ago, known as the Gramm-Rudman-Hollings Act. Compensation for the president is specifically exempted, but there’s no mention of pay for members of Congress. So how did lawmakers’ pay escape the axe? Turns out that’s a...

House Minority Leader Nancy Pelosi (D-Calif.) said Thursday that she opposes a cut in congressional pay because it would diminish the dignity of lawmakers' jobs. "I don't think we should do it; I think we should respect the work we do," Pelosi told reporters in the Capitol. "I think it's necessary for us to have the dignity of the job that we have rewarded." The comments were made in the context of the looming sequester, which would force across-the-board cuts affecting most federal offices, including Congress. With lawmakers nowhere near a deal to avert those cuts, federal agencies are bracing...

CARSON CITY — Faced with rising costs, Gov. Brian Sandoval is backing off his promise to undo pay cuts imposed on state employees last year. Gerald Gardner, his chief of staff, said the governor has issued orders to agency heads to continue the reductions in the proposed 2014-15 budget. Gardner told the Nevada Appeal that Sandoval hasn't given up on efforts to undo the work furloughs, pay cuts, and suspension of merit and longevity pay imposed on state workers.

Japan Prime Minister to Face 30 Pct Pay Cut Tokyo, June 3 (Jiji Press)--The Japanese government said Friday it will cut the prime minister's monthly pay by 30 pct as part of proposed cuts in the salaries of national public servants. The government will also cut salaries by 20 pct for other cabinet ministers and senior vice ministers and 10 pct for parliamentary secretaries, Chief Cabinet Secretary Yukio Edano said at a press conference. The pay cuts will take effect once a bill on reducing salaries for national public servants is enacted. The cuts will be in place until the...

TEPCO seeks 20% cut in employees' annual salaries TOKYO, April 21, Kyodo Tokyo Electric Power Co. is considering cutting annual salaries of its employees by around 20 percent as part of its restructuring effort to make compensation payments over the emergency at the Fukushima Daiichi nuclear power complex, company sources said Thursday.

UAW President Bob King has a unique perspective on day care worker “pay cuts.” During a press conference yesterday, King denounced Gov. Rick Snyder’s administration for ending the Department of Human Service’s practice of taking “dues” out of government subsidy payments that low-income families use to pay home-based day care providers. According to the Detroit Free Press, King described the governor’s action as part of an agenda “to destroy the middle class.” The truth is, many home-based day care providers around the state are rejoicing that their pay is no longer being reduced for public-sector “union dues” — especially since...

The summer vacation season is drawing to a close, and soon, people will get back to serious, hard work in the push to finish out the year successfully. But August can be a time to be whimsical. In that vein, let me put forth the ClearView Economics plan to get the nation quickly back to full employment. The current unemployment rate is 9.5%. That amounts to 14.6 million persons who want to work that cannot find jobs. But there is also serious underemployment. I don't accept the U-6 unemployment calculation as being fully representative of all the truly unemployed, but...

SACRAMENTO, Calif. — As the Terminator, Arnold Schwarzenegger was the technology of the future, feared by humans. As governor, he's being foiled by the technology of the past. For the second time in two years, Schwarzenegger has ordered most state workers' pay cut to the federal minimum wage because lawmakers missed their deadline to fix the state's $19 billion budget deficit. The Legislature's failure to act has left the state without a spending plan as the new fiscal year begins. A state appellate court ruled in Schwarzenegger's favor Friday, but the state controller, who issues state paychecks, says he can't...

L.A. budget crisis threatens jobs, credit rating Steve Gorman LOS ANGELES Sun Feb 14, 2010 3:16pm EST Downtown Los Angeles is seen from behind a row of trees in East Los Angeles January 18, 2008. REUTERS/Lucy Nicholson Downtown Los Angeles is seen from behind a row of trees in East Los Angeles January 18, 2008. Credit: Reuters/Lucy Nicholson LOS ANGELES (Reuters) - Los Angeles, the second-largest city in the United States, is confronting a mounting budget deficit that threatens to force thousands of job cuts, deplete its fiscal reserve and further damage its credit rating. /snip LAYOFFS OR PAY CUTS?...

NEW YORK (Fortune) -- There's no need to fear a Wall Street brain drain -- despite the crackdown on pay by Washington. On Thursday, White House pay czar Kenneth Feinberg outlined compensation restrictions at seven firms that got special bailouts, and the Federal Reserve proposed to review pay practices at 28 unnamed giant banks. Critics warn that reining in pay makes it hard to keep talented employees. Hemmed in, institutions like AIG (AIG, Fortune 500),Bank of America (BAC, Fortune 500) and Citigroup (C, Fortune 500) could lose their best people. These firms would then perform even more abysmally, if that's...

Well GM and Chrysler begged to be bailed out...... I really don’t like this guy. I didn’t like him when he was appointed and I like him less now. But … GM and Chrysler begged for the money, they got it, and now … well … The Obama administration will soon order the nation’s biggest bailed-out companies to drastically cut pay packages for their top executives, according to several reports published Wednesday.

MECHANICSVILLE, Va. — The dark blue captain’s hat, with its golden oak-leaf clusters, sits atop a bookcase in Bryan Lawlor’s home, out of reach of the children. The uniform their father wears still displays the four stripes of a commercial airline captain, but the hat stays home. The rules forbid that extra display of authority, now that Mr. Lawlor has been downgraded to first officer. He is now in the co-pilot’s seat in the 50-seat commuter jets he flies, not for any failure in skill. He wears his captain’s stripes, he explains, to make that point. But with air travel...

Tuesday, June 16, 2009 Lawmakers Reject State Worker Pay Cut By Jim Sanders A new across-the-board pay cut for state workers was rejected Tuesday by the Legislature's joint budget conference committee. The 5 percent salary reduction had been proposed by Gov. Arnold Schwarzenegger to save $470 million and preserve cash in the coming fiscal year's general fund budget. The legislative committee rejected the pay cut by a party-line vote, 6-4, with no Republican support. The measure was one of dozens under consideration to bridge a projected $24 billion budget shortfall. Even with the committee's action, the pay cut and other...

Boy oh boy, did California voters show bickering state officials a thing or two with their slam-dunk downing of five out of six financial propositions in Tuesday's voting. As The Ticket reported then, they didn't just say No; they said No way! In rapid response, first thing Wednesday something called the California Citizens Compensation Commission announced on a 5-1 vote that it had slashed the salaries of the governor, attorney general, controller, all legislators and other top elected state officials by 18%. That's nearly 20%! Whacked. Because in a democracy top elected officials should share the hard times and pay...

A state panel this morning slashed the salaries of elected state officials by 18% -- a day after voters rejected a plan by the governor and Legislature to address the budget crisis. Citing pay cuts and layoffs being imposed on rank-and-file state workers, the California Citizens Compensation Commission approved the reduction for the governor, legislators and other state officials elected next year. "I think they should share in the sacrifices that everyone else has had to encounter," said Commissioner Kathy Sands, a former Auburn mayor, after the panel's 5-1 vote at a meeting in Burbank. The commission had wanted to...