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.
Are you retiring at the first opportunity? Or are you planning to work extra because you like the job or your coworkers and want to build your annuity?
Today the House is in recess until after Labor Day. Proposed changes in FERS, which would require you to pay 6 percent more for the benefit while cost of living adjustments would be eliminated for retirees, seem less urgent.
With three months left to go in the cost-of-living adjustment countdown clock, federal/military/Social Security retirees are looking at a January inflation-catch up of 2.7 percent.
The Trump administration wants to make the federal retirement plan more costly to workers and less valuable to retirees. But officials could probably "drain the swamp" of thousands of bureaucrats if they made the changes effective later rather than sooner.
In today's Federal Newscast, bipartisan legislation in the Senate would shorten the deadline for the Defense department to pay defense contractors who work with small businesses.
If any of the Trump administration’s proposals to overhaul the federal pay and pension plans make it through Congress, thousands of federal workers might have to extend their tours of duty by as much as a decade to maintain their standard of living.
The Professional Managers Association is telling fed-postal-retirees to stay alert as federal retirement contribution changes are proposed by the Trump administration.