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COLA
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Federal-employee groups and veterans organizations say a legislative proposal that would result in lower cost-of-living adjustments for federal and Social Security retirees is a non-starter. Moving to a "Chained" Consumer Price Index method of calculating inflation would curtail future benefits for Social Security retirees, including federal employees and veterans, opponents of the proposal say.
November 09, 2012 -
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The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits that more than 56 million Social Security beneficiaries, according to the Social Security Administration. Social Security recipients received a 3.6 percent increase in benefits this year after getting none the previous two years.
October 16, 2012 -
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Federal, postal and military retirees are about to get an inflation-adjustment. That's the good news. The bad news is that it will be a diet- version and, for most, leave a very bitter aftertaste, Senior Correspondent Mike Causey says.
October 16, 2012 -
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Two years into a three-year pay freeze, thousands of retirement-eligible feds are doing the math and concluding that maybe they would be better off retired and getting inflation adjustments rather than working at their 2010 salary rate, Senior Correspondent Mike Causey says. So what's in it for you?
October 03, 2012 -
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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?
September 18, 2012 -
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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.
April 06, 2012 -
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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.
October 28, 2011 -
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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.
October 25, 2011 -
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Tammy Flanagan is the senior benefits director at the National Institute of Transition Planning.
October 21, 2011 -
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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.
October 18, 2011 -
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David Snell is the retirement benefits expert with NARFE.
October 12, 2011 -
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Tammy Flanagan is the senior benefits director at the National Institute of Transition Planning.
October 07, 2011 -
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The Pentagon reminding workers stationed overseas to leave out cost-of-living pay when calculating their household budgets.
October 03, 2011 -
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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.
September 19, 2011
