Benefits Cuts from 2020 Budget Mirror Past Proposals
Recent proposed cuts to federal employees’ benefits appear to be the same as ones from past budget proposals. Here is a recap.
Articles in this section cover the annual cost of living adjustment (COLA) for retired federal employees. Our authors illuminate the intricacies of the COLA and its significant impact on the financial well-being of federal retirees. Discover insights into the factors influencing COLA calculations, the historical trends in adjustments, and how these annual changes directly affect the purchasing power of retired federal workers. Stay informed about the latest updates, legislative changes, and expert analyses about the COLA, ensuring retirees are equipped with the knowledge necessary to navigate their finances effectively. Explore our articles to gain a comprehensive understanding of the annual adjustments that play a pivotal role in shaping the financial landscape for retired federal employees.
Recent proposed cuts to federal employees’ benefits appear to be the same as ones from past budget proposals. Here is a recap.
Another attempt is being made in Congress to change the COLA formula for Social Security to pay higher benefits.
The author says that while a couple of bills that would boost federal retirement benefits are welcome news, they are unlikely to become law.
Legislation has been reintroduced to equalize COLAs paid to federal retirees under FERS and CSRS.
New legislation promises to keep Social Security solvent for the rest of the century, but the author says the devil is in the details of the bill.
Recently introduced legislation has the potential to increase the size of COLAs paid to some federal retirees.
Most military retirees will see a pay increase next year thanks to a cost of living adjustment.
I am a FERS Transferee. How does the cost of living adjustment (COLA) affect my annuity payment?
I am a federal retiree. When will I see the annual COLA increase in my annuity payments?
Feedback we get indicates there is confusion about differences between the annual COLA and pay raise (understandably so). The author explains the differences.