The author tells a true story of a federal employee and friend who suffered some serious health problems and had to contend with leave without pay and retirement annuity considerations to cover his medical bills.
Employees and retirees live in the same environments and are subject to the same increases in the cost of living, but the general, annual raise they get is different. The author outlines sample annual raises for three hypothetical employees.
After two years without any increase in the cost of living adjustment (COLA), there will be an increase of 3.6% for those who receive the full amount of the annual adjustment.
Inflation has been very low for the past two years and federal retirees and those receiving Social Security payments have not had an increase. That is likely to change in 2012. Here’s why and how much.
The deficit reduction commission made a number of proposals late last year, including some that would impact federal pay and benefits. President Obama has not endorsed the recommendations. That may be about to change. Here is a summary of proposals from this commission that would impact the federal workforce and retirement programs.
Recent recommendations in Congress could have a negative impact on the cost of living adjustment (COLA) for federal employee retirees.
The Republican Study Committee has released a budget proposal that would make $9.1 trillion in spending cuts, some of which would impact federal employees.
What is the current likelihood of a COLA increase in 2011? The prospects aren’t looking good. Here’s why.
Your expenses in retirement are higher now than they were last year. Does this mean federal retirees get a larger retirement check next year?
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?