Federal Pay Raises Through the Years
There are probably several reasons for the small pay raises of the past few years. Looking back, there are times when pay raises have been substantial. Why is today different?
COLA
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.
The Real Cost of the Chained CPI
The author says that the chained CPI which the president recently dropped from his budget proposal would actually have been a good thing because of its potential to help with reducing the national debt. He notes that the actual cost to federal retirees from the chained CPI would have been less than the cost of a pizza each month and illustrates its financial impact for federal pensioners.
Your COLA in 2014: 1.5%
The Social Security Administration announced today that the annual cost of living adjustment for Social Security recipients will be 1.5%.
The Long Term Effects of the Pay Freeze
What is the overall impact of the pay freeze on employees retiring in the near future? The author runs some hypothetical numbers to illustrate.
How Bad is the ‘Chained CPI’
How would a chained CPI impact a federal retiree’s annuity payments over time?
Calculating Your 2013 COLA
How much of an increase will federal retirees get in their retirement annuity in January 2013? Probably not much.
Is the Long-Term Gain Worth the Short-Term Loss?
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.
Thirteen Years of Increases for Employees vs. FERS and CSRS
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.
3.6 Percent COLA for 2012
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.
First COLA in Three Years for Federal Retirees
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.
