Holder, Kerry to Take Pay Cut [View all]
Source: Time
April 04, 2013
Attorney General Eric Holder and Secretary of State John Kerry will join Secretary of Defense Chuck Hagel and President Barack Obama in taking a pay cut this year as a result of sequestration.
“The Attorney General intends to take a pay cut equivalent to the maximum amount any Justice Department employee has to take as a result of the sequestration, which is up to 14 days this fiscal year, so that those funds can go back into the Treasury,” a Justice Department official told TIME, noting Holder wishes to minimize the impact of sequestration on the department’s employees. State Department spokeswoman Victoria Nuland announced that Kerry would give 5 percent of his salary to a charity for State employees.
On Wednesday, the White House confirmed that Obama will return $20,000 to the Treasury over the rest of the year — or 5 percent of his salary. Hagel pledged to take a pay cut equivalent to 14 furlough days. Both Hagel and Holder earn $199,700 annually and their maximum pay cut would amount to $10,750. Kerry makes $183,500 this year, according to the AP, and his donation is worth $9,175.
Read more: http://swampland.time.com/2013/04/04/holder-to-take-pay-cut/
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