1.6% Pay Raise for 2017 Advancing in Congress
A 2017 pay raise of 1.6% is working its way through Congress. This would be the highest raise federal employees have had since 2010.
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.
A 2017 pay raise of 1.6% is working its way through Congress. This would be the highest raise federal employees have had since 2010.
What are the prospects for a cost of living adjustment (COLA) in 2017 and what are the implications for federal retirees? The author looks at the current situation.
The Obama administration has recommended a 1.6% pay raise for federal workers in 2017. Does that mean this is a done deal and federal employees now know what their pay raise will be next year? Hardly. Here is a detailed look at how the political process surrounding how the federal workforce is paid is likely to play out in the coming months.
What is the chained CPI and how would it impact the federal workforce if a new legislative proposal were adopted?
Legislation has been introduced in the House to give federal retirees and Social Security recipients a 2.9% COLA in 2016.
Information on a cost of living adjustment (COLA) for 2016 has been released with little suspense as it was already well-known that there would not be a COLA increase in January for federal retirees and Social Security recipients.
It isn’t official yet, but there will not be a cost of living adjustment in 2016. Adjust your budget accordingly.
How much of a COLA increase will federal retirees have in 2016? Any increase at all is looking highly unlikely.
The author proposes an alternate way of calculating the cost of living allowances for Social Security based on the process of computing cost of living adjustments for federal retirees that he says would result in tremendous long term savings.
Starting in January, most retirees under the Civil Service Retirement System (CSRS), who also are enrolled in Medicare Part B, could see a 52% jump in their monthly Medicare premiums.