Defense Secretary Giving Up Part of Salary for Furloughs

by Ben Nanamaker | April 2, 2013 7:07 pm

NewLetters Defense Secretary Giving Up Part of Salary for Furloughs[1]Defense Secretary Chuck Hagel will give up part[2] of his $200,000 salary this year to show solidarity with the 700,000 civilian employees of the Defense Department facing furlough days in the upcoming months.

The furlough days are a result of sequestration[3], which kicked in on March 1. It was recently announced that the expected number of furlough days Defense Department employees would take would be reduced from 22 to 14, a move the department hopes will lessen the financial impact on those employees.

Hagel will give back part of his salary to the U.S. Treasury Department, according to Pentagon Press Secretary George Little. Little also said, “We understand that we need to take great care with our civilian workforce.”

Right now, the department is in the process of deciding precisely how many employees, and which ones in particular, will be affected by the furlough.

– Benjamin Nanamaker, InvestorPolitics Editor

The opinions contained in this column are solely those of the writer.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/11/NewLetters.jpg
  2. give up part: http://www.nydailynews.com/news/politics/defense-secretary-chuck-hagel-takes-pay-cut-sequestration-article-1.1306030
  3. sequestration: http://investorplace.com/investorpolitics/getting-this-sequester-started-how-day-to-day-folks-are-faring/

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