How is the Annual Federal Employee Pay Raise Determined? What You Need to Know
How is the annual federal employee pay raise determined for the upcoming year?
How is the annual federal employee pay raise determined for the upcoming year?
Inflation is still with us in 2022. The latest inflation figures are no longer at a 40-year high, but consumers are still feeling pinched.
The annual COLA and pay raise are complex and often cause confusion. This is what they are and how they are different.
Federal employees planning to retire at the end of 2022 to take advantage of the large 2023 COLA are likely to be disappointed.
Inflation has been rising fast, and the 2023 COLA was just announced. Even with a projected 2023 pay raise of 4.6%, purchasing power is declining fast.
The 2023 COLA for federal retirees and Social Security recipients has been announced and will be the largest in since 1981.
The 2023 COLA could be the largest for federal retirees in 40+ years.
Is 2022 a good year to retire? How do the annual pay raise, inflation, and COLAs compare during similar economic circumstances under Presidents Carter and Biden?
The latest 2022 inflation update and the first month used in the 2023 COLA calculation are now official. Here are the results.
2023 COLA estimates are now above 10%, and one prediction is as high as 11.4%.