Proposed Retirement Changes for Federal Employees
Changes are likely to occur in the federal retirement program. Here are some probable proposals that would impact current and future federal retirees.
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.
Changes are likely to occur in the federal retirement program. Here are some probable proposals that would impact current and future federal retirees.
Why isn’t the president giving a higher pay raise to federal retirees? I am a federal retiree and seeing current federal employees get a higher raise than me I feel is unfair.
The FedSmith.com authors posted many articles in 2016 to keep our readers informed. These are some of our (and your) favorites.
An employee who plans to retire on 1/3/2017 wants to know if he has to be off of the government’s payroll by 12/31/16 to receive the COLA. The author provides the answer.
Legislation has been introduced that would make sweeping reforms to Social Security. The author says it would make cuts to the program that would potentially harm older Americans.
Some federal retirees may be impacted by a significant increase in Medicare Part B premiums. A bill has been introduced to minimize the impact.
Senator Charles Schumer (D-NY) has announced an initiative to offset the low COLA that was recently announced for the coming year.
The author says that a drop in gasoline prices is to blame for the very low COLA that was announced for 2017 this week.
The Social Security Administration has announced that the maximum amount of earnings subject to the Social Security tax will climb 7.3% in 2017.
There will be a COLA increase of 0.3% for federal retirees and Social Security recipients in 2017.