IRS to pay $70M in employee bonuses

Jroc

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Oct 19, 2010
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Got to keep those public sector unions happy I guess:cuckoo:


WASHINGTON (AP) - The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator.

Sen. Chuck Grassley of Iowa says his office has learned that the IRS is executing an agreement with the employees' union on Wednesday to pay the bonuses. Grassley says the bonuses should be canceled under an April directive from the White House budget office.

The directive was written by Danny Werfel, a former budget official who has since been appointed acting IRS commissioner.

"The IRS always claims to be short on resources," Grassley said. "But it appears to have $70 million for union bonuses. And it appears to be making an extra effort to give the bonuses despite opportunities to renegotiate with the union and federal instruction to cease discretionary bonuses during sequestration."

The IRS said it is negotiating with the union over the matter but did not dispute Grassley's claim that the bonuses are imminent.

Office of Management and Budget "guidance directs that agencies should not pay discretionary monetary awards at this time, unless legally required," IRS spokeswoman Michelle Eldridge said in a statement. "IRS is under a legal obligation to comply with its collective bargaining agreement, which specifies the terms by which awards are paid to bargaining-unit employees."



My Way News - Senator: IRS to pay $70M in employee bonuses
 
'IRS is under a legal obligation to comply with its collective bargaining agreement, which specifies the terms by which awards are paid to bargaining-unit employees."
 
70 million?

:lol:

Wall Street bonuses totalled $20bn in 2012 as the financial industry's profits tripled in a year, despite layoffs and dire predictions for the future.
Wall Street bonuses rise 8% for 2012 but industry warns of looming layoffs | Business | guardian.co.uk

And..


CBS boss Leslie Moonves' pay is out of this world, even for CEOs His $60.3 million in 2012 is tops in city and five times the chief executive average

Read more: CBS boss Leslie Moonves'*pay is out of*this world, even for CEOs His $60.3 million in 2012 is tops in city and five times the chief executive average - NY Daily News
 
Do you understand what "agreement" means ?

Just wondering if you felt the same when Wall Street/AIG bonuses were handed out post bail out...

We're they legally obligated by an agreement to pay them?

Yep.

I'll ask you the same question: Did you support those bonuses being paid to Wall Street after the bail outs?

We can search for your comments back then. Just wondering who the hypocrites are around here.
 
'IRS is under a legal obligation to comply with its collective bargaining agreement, which specifies the terms by which awards are paid to bargaining-unit employees."

federal employees should not be in unions. it is a clear conflict of interest.

How so?

You see the way government conducts itself nowadays? Unions only serve to hamper the efficiency of government. Just look at it on the city level! Stockton, CA and Detroit, MI for example.
 

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