Another attempt is being made in Congress to change COLA increases to use the CPI-E in an effort to help retirees. Is this a good idea?
Recent data from the U.S. Bureau of Labor Statistics indicate that the federal workforce is lagging the private sector for both wages and employment.
An aging population of federal employees means that many are leaving federal service due to retirement. The National Active and Retired Federal Employees Association (NARFE) argues that this means there could be a damaging loss of institutional knowledge these federal workers take with them. However, the author points out that the turnover rate among federal employees is very low compared to the private sector and says that the loss of institutional knowledge from retiring federal workers might not be as bad as NARFE is projecting.
A former BLS federal employee entered a federal building in New York last week and killed both a security guard and himself.
How many federal employees were hired in June, and how many left federal service? How does this compare to the private sector? Recent data from the Bureau of Labor Statistics provide some answers.
Congressman Michael Honda (D-CA) has re-introduced the CPI-E Act of 2015 which would adopt a measure of inflation more tailored to the costs of older Americans. What impact could this have on your annuity?
The Bureau of Labor Statistics recently published a chart showing the percentage of private sector and government workers participating in a range of benefits. Who comes out ahead?
Contrary to popular opinion, employment in the Federal sector has grown since it hit its low in October 2014, albeit at a much smaller rate. The author provides some details on the federal employment situation and looks at a state by state breakdown of federal employment trends.