Pay, COLAs and Your 2009 Paycheck

COLA’s and pay raises are of interest to virtually all of our readers. There is also confusion about who gets what increase. Here is a brief explanation of the 2009 COLA and the 2009 federal employee pay raise–and why you do not get both a pay raise and a COLA.

2009 COLA Jumping 5.8% for Some Federal Retirees

How much of an increase will federal retirees receive next year? At 5.8%, it will be the highest increase in about 25 years. Here is a summary of which groups will get the full increase and who will not receive the full benefit of next year’s COLA.

5.7% for Retirees in 2009? It May Still Go Higher

Here is a reality check for readers. Inflation is alive and well. Federal retirees are on track for an increase of 5.7% next year–with another three months to go before the final figure is known. Federal employees may get an average of 3.9%–or there may be a continuing resolution that would delay finalizing the budget until 2009.

Shutdowns, Furloughs, COLAs, Congress and the 2008 Pay Raise

Congress has gone home even though the Senate says it is still technically open for business. While they may enjoy their time away from DC, their departure leaves open the possibility of furloughs in DoD, funding for most federal agencies still up in the air and uncertainty about the 2008 pay raise for current federal employees. Retirees are set though. Enjoy your holiday.