2011 Financial Questions (And Some Answers) for Federal Employees
Will you get a COLA as a federal retiree in 2011? Will federal employees get a pay raise in 2011? How much will your health insurance premium go up in 2011?
COLA
2011 COLA Update
If you are a retired federal employee, you may be wondering about a cost of living increase in your check in 2011. For those readers who have sent in this question, here is an answer you may not want to hear.
What Happened to My COLA for 2010?
We have received questions from readers, perhaps because OPM is now distributing its annual “Notice of Annuity Adjustment,” inquiring about why there is no COLA increase for federal retirees in 2010 when the average federal employee is getting a raise.
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.
3.9% Average Pay Raise for Feds in 2009 in Temporary Spending Bill
A temporary government spending bill will fund the federal government into March of next year. It also contains an average pay raise for federal employees of 3.9% that will be effective in January.
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.
2007 COLA Continues Upward in July
The rate of inflation is continuing its upward trend. This means that federal retirees will get a bump up in annuity payments in 2007 to help cover the rising cost of living.
COLA’s, Housing Costs and Lawsuits: How Pay is Determined for Some Federal Employees
Federal employees outside of the contiguous 48 states are paid differently than most FedSmith readers who usually get an annual raise and locality pay. OPM did a survey on housing costs in these areas outside the 48 contiguous states and has published the results.
