Federal and Social Security retirees are due an inflation catchup in January, but Senior Correspondent Mike Causey says it’s likely to be a no-cal COLA again.
Ever watch a dead bird fly? Or a rock run? Well, if you are hoping for a bigger CSRS or FERS annuity or Social Security check in January, that’s about what you are doing.
Nobody likes inflation. But when inflation is low, the cost of living adjustments (COLAs) for federal retirees are small, too. At this near mid-point in the fiscal year, it looks like COLAs are going to be pretty skimpy once again. Lots of people are sounding off about it at Federal News Radio.com. Web manager Julia Ziegler joined Tom Temin on the Federal Drive with some of your comments.
The only good news — so far — for retirees is that the COLA escalator only goes in one direction. That is up, says Senior Correspondent Mike Causey.
Former feds and those about to retire, Senior Correspondent Mike Causey has some news for you — both good and bad — about the impact inflation has on your retirement.
Will the federal pay raise be 1.3 percent or 3.8 percent or something higher or lower — or nothing at all? asks Senior Correspondent Mike Causey.
Is congressional gridlock really a bad thing? Maybe not if you’re a federal employee or retiree, says Senior Correspondent Mike Causey.
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In a new report on reducing the federal deficit, the Congressional Budget Office suggests that cutting 70,000 government jobs over the next decade and changing the math used for civilian and military pensions could save $100 billion.
Facing pay freezes, cost of living increases and hikes in retirement payments, some feds may wonder if its worth going to work these days, says Senior Correspondent Mike Causey.