COLA

Rep. Gerry Connolly (D-Va.) wants to find parity in annual cost-of-living-adjustments for participants in both the Federal Employee Retirement System (FERS) and Civil Service Retirement System (CSRS).

The metro Washington, D.C. area is now solidly blue and many local members of Congress will be eligible to lead committees that can affect active and retired government employees.

Military retirees will get a 2.8 percent increase in cost-of-living adjustment.

Regardless of which political party wins today’s midterm election, federal workers are in relatively good shape.

Thanks to the diet COLA rule, people who have already retired under FERS will be limited to a 2 percent COLA in 2019.

The 2.8 percent cost of living adjustment coming this January for millions of retirees will be the biggest catch-up-with-inflation increase in years. 

Federal Managers Association President Renee Johnson and FMA Government and Public Affairs Director Greg Stanford join host Mike Causey on this week’s Your Turn to discuss what their organization is doing to help secure a 1.9 percent pay raise for white collar feds. September 26, 2018

With 43 days until the midterm elections and five days from the fiscal new year, a 1.9 percent pay raise for white collar feds is looking good.

The Trump administration wants to cut costs in the giant federal retirement program by totally eliminating future COLAs for FERS retirees. If it becomes law the 2019 COLA would be the last.

Many who have been comfortably stationed in Washington for decades are literally running for their political lives this year.