The Professional Managers Association is telling fed-postal-retirees to stay alert as federal retirement contribution changes are proposed by the Trump administration.
Jeff Neal, former DHS CHCO, looks at the recent proposals from OPM and OMB that would freeze federal pay for a year and decrease federal employee compensation.
The Trump administration's plan to totally eliminate inflation protection for federal retirement, while requiring workers to pay more for smaller lifetime retirement benefits, is the ultimate deal-breaker for most people.
Federal News Radio explains each of OPM's proposed changes to the federal retirement system and details their outlook in Congress.
COLAs are based on the rise in inflation, as measured by the Consumer Price Index-W, from the third quarter year over year. It's possible the January COLA will be less if living costs drop, but that is unlikely given the year-long rise in oil-prices, one of the chief drivers of inflation.
Some clever, eligible federal workers are considering retiring later this year to be on the retirement roles for the January 2019 cost of living adjustment. But the problem is that time is not on their side.
Are proposals to freeze federal pay and cut retirement benefits just political talk or, as one retiree put it, a reasonable menace?
The good news for federal employees and retirees is that Congress has limited time this year to focus on issues that may impact their pay and benefits.
Senior Correspondent Mike Causey discusses the difference between a pay raise for federal workers and military personnel and a cost of living adjustment, or COLA, for retirees
President Donald Trump's fiscal 2019 budget request includes several other recommendations that would change current retirement, health and other benefits for federal employees.
Congress is likely to take another run at the federal retirement program, but time may be on the side of federal workers and retirees for a change.
Senior Correspondent Mike Causey says we dodged a couple shutdown threats last year but now the clock is ticking again and its set to go off January 19.
NARFE's Jessica Klement joins host Mike Causey on this week's Your Turn to discuss efforts by her organization and others to protect federal worker's retirement benefits. January 10, 2017
If you work for Uncle Sam the question is will 2018 be another nerve-wracking time of congress going after your retirement benefits?