iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Scandalized GSA Employees Took 10% Of ALL Federal Bonuses Last Year

Employees at the obscure General Services Administration are quietly gobbling up 10 percent of the entire federal government’s bonus checks, a top Republican lawmaker revealed Wednesday, with the tab reaching a stunning $44 million last year.

The $44 million amount is far more than was previously reported. As House lawmakers convened a hearing Wednesday digging deep into alleged mismanagement and waste at the embattled agency, Transportation Committee Chairman John Mica, R-Fla, called the latest revelations “absolutely outrageous.”

Disclosing the results of what he described as a preliminary investigation, Mica said bonuses totaled $44 million, with many bonuses worth $50,000 apiece and some going to workers now under investigation. One employee, he said, received a $79,000 bonus, adding up to nearly $260,000 in total compensation.

Read more:

If you enjoy the content at iBankCoin, please follow us on Twitter