Will the federal retirement system be changed to require greater contributions from federal employees in the near future? Will the retirement computation change from a high three to high five? Here is a quick summary of pending issues federal employees should be watching.
How much will federal retirees and Social Security recipients receive with a new COLA calculation that will go into effect in January? As of today, there would not be any increase.
The cost of living adjustment (COLA) for 2015 was announced earlier this week, and to put it mildly, pretty much everybody is unhappy with the figure.
This is the time of year for learning more about expenses and income for 2015. What pay raise can federal employees expect to receive with the COLA increase and how does this compare to the increase in FEHB premiums?
The COLA next year for many federal retirees and Social Security recipients will be 1.7%.
Congress has passed legislation that would provide a cost of living adjustment for disabled veterans receiving disability compensation from the Department of Veterans Affairs and other compensation for survivors of veterans who have died as a result of their service to the country.
There are probably several reasons for the small pay raises of the past few years. Looking back, there are times when pay raises have been substantial. Why is today different?
The author says that the chained CPI which the president recently dropped from his budget proposal would actually have been a good thing because of its potential to help with reducing the national debt. He notes that the actual cost to federal retirees from the chained CPI would have been less than the cost of a pizza each month and illustrates its financial impact for federal pensioners.
The Social Security Administration announced today that the annual cost of living adjustment for Social Security recipients will be 1.5%.
What is the overall impact of the pay freeze on employees retiring in the near future? The author runs some hypothetical numbers to illustrate.