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?
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.
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.
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.
At 5.8%, the 2009 COLA will be the highest increase for federal retireesin about 25 years.
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.