5.8% Inflation in Consumer Prices Eroding Value of Salaries and COLA
New data show a 40-year inflation surge in consumer prices further eroding recent salary and COLA increases.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
New data show a 40-year inflation surge in consumer prices further eroding recent salary and COLA increases.
A mutual fund window is coming to the TSP in 2022. How likely are federal employees to use the new system, and how will it work?
The stock market has been falling so far in 2022. Does this mean you should sell the TSP stock funds?
TSP returns are declining so far in 2022 following several years of very good stock market returns.
The annual federal pay raise interests all federal workers. Over the past 53 years, what was the highest, lowest, and average federal pay raise?
Some federal employees will be getting a pay increase per guidance from OPM directing agencies to institute a new $15 per hour minimum wage.
A former federal employee of the year, Dr. Anthony Fauci, is worth at least $10 million. Financial records were released by a Senator after Fauci referred to him as a “moron”.
Legislation introduced in Congress would set the 2023 federal pay raise at 5.1%.
The inflation rate measured by the CPI-W went up 7.8% in 2021 reducing purchasing power of the 2022 COLA and pay raise now in effect.
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