TSA Employees Pay Raise

The House passed a bill that would move TSA employees to ‘Title 5’ – giving most a significant raise.

Complimentary Webinars:

 

 

 

 

 

 

A piece of proposed legislation, HR 903: The Right of TSA Workforce Act, has made it through the House of Representatives by a vote of 220 – 201 and now is on its way to the Senate for approval. The bill was introduced by Mississippi Democrat Bennie Thompson and passed on May 12th. The Senate counterpart, S. 1856, was introduced in the other chamber of Congress on May 26th by Senator Brian Schatz (D- Hawaii).

Current TSA Situation

According to the most recent FEVS, which gauges federal employee satisfaction, the TSA has some of the lowest satisfaction and morale rates across the government. They likewise have one of the lowest retention rates. The reason for this revolves around their exclusion from ‘Title 5.’ The lowest starting salary at the agency is $29,000 per year with the average starting salary being $35,000 annually – much less than comparable positions in other federal agencies. Because workers for the Transportation Security Agency (TSA) are not currently under ‘Title 5,’ they are not a part of the General Schedule (GS) and therefore don’t receive annual federal pay raises. In addition, TSA employees have limited collective bargaining rights.

Pay Improvements, if Senate Approves

If the act makes it through the Senate, and receives the President’s signature, then the TSA workforce would be considered ‘title 5’ and would join the GS pay system, giving employees an immediate average pay increase of 30%. Federal air marshals would get a 21% pay raise. Their collective bargaining rights would also be expanded. Although it is very early on in the approval process for S. 1856, it currently has just a 3% chance of passing according to govtrack.us.

--

Until Next Time,

Benefits Ben, STWS

The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Serving Those Who Serve writers  and not necessarily those of RJFS or Raymond James. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy suggested. Every investor’s situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment or financial decision. Prior to making an investment decision, please consult with your financial advisor about your individual situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. **

TSA Employees Pay Raise

TSA Employees Pay Raise