What's the difference between a pay raise for active-duty federal workers and a cost-of-living adjustment for retirees and Social Security beneficiaries? This time around it's about 1.38 percent, Senior Correspondent Mike Causey. So who's the winner?
Worried about another pay freeze next year? Thinking about retiring to get a cost of living adjustment? Timing is everything, and for some people its already too late, Senior Correspondent Mike Causey says.
Are you better off financially slogging it to work or sleeping in five days a week. Some people say that all things considered they would be better off as a retiree than as an office serf. So do the math, Senior Correspondent Mike Causey says.
David Snell, the director of retirement benefits at the National Active and Retired Federal Employees Association, joined the Federal Drive with Tom Temin and Amy Morris to discuss how the COLA bump affects feds differently.
Tammy Flanagan is the senior benefits director at the National Institute of Transition Planning.
The annual cost-of-living adjustment, or COLA, is based on a measure of inflation that Congress adopted in the 1970s. Since then, it has resulted in annual increases averaging 4.2 percent.
David Snell is the retirement benefits expert with NARFE.
Tammy Flanagan is the senior benefits director at the National Institute of Transition Planning.
The Pentagon reminding workers stationed overseas to leave out cost-of-living pay when calculating their household budgets.
According to certain twisted history buffs, somebody in April, 1865, asked Mrs. Abraham Lincoln how the liked the play at Ford\'s Theater. Federal workers may appreciate the irony of that sick joke later on today, Senior Correspondent Mike Causey says.
Jessica Klement, chief lobbyist for the Federal Managers Association and Federal Times senior writer Steve Losey join host Mike Causey on today\'s program. September 14, 2011
Federal, military and Social Security retirees were delighted last month when it appeared they were on track for a January cost of living adjustment of around 3.3 percent, but Senior Correspondent Mike Causey says living costs are down, believe it or not, and the COLA may be in danger of stalling.
A reduced COLA may be part of the debt ceiling negotiations. Arthur Stein is a certified financial planner and he tells you what you need to prepare for.
SPC certified financial planner Arthur Stein tells us how much more you could be looking at in your wallet.
With 4-months to go in the cost of living adjustment countdown, Senior Correspondent Mike Causey reports federal, military and Social Security retirees are in line for a 3.5 percent raise. What has to happen between now and October?