If you’re a federal, postal, or military retiree, or you receive Social Security, it looks like you may be getting a modest cost-of-living adjustment starting in your January check.
Senior Correspondent Mike Causey says if it’s true that all politics is local, D.C. feds may get a major political assist from beyond-the-Beltway feds that could save their retirement plan.
Federal, military and Social Security retirees may be looking at a January cost-of-living adjustment of 1.6 percent, says Senior Correspondent Mike Causey.
Senior Correspondent Mike Causey says current and future federal retirees would lose thousands of dollars in cost-of-living benefits if Congress goes along with the president’s plan to put them on a zero-COLA plan.
If you’re a government worker or retiree, odds are you are dreading the day when your grandson or granddaughter asks you about the good old days, when folks had pensions.
Nine bold House Republicans have challenged the White House plan to cut federal retirement benefits by $149 billion.
Congress and the White House have a laser-focus on four major parts of the federal civil service retirement program. So which one is going to get the ax?
About 100 House Democrats wrote to Speaker Paul Ryan (R-Wis.) and Minority Leader Nancy Pelosi (D-Calif.), voicing their opposition over the president’s four major proposed changes to federal retirement. The administration included the proposals in the fiscal 2018 budget proposal and would have a significant impact on both current and future federal employees and retirees.
With four months left to go in the cost-of-living adjustment countdown, the increase is looking like 1.51 percent in Social Security, civil service and retired military pay benefits, but that’s not guaranteed and few people understand how the system works.
If you get Social Security, or civil service or military retirement benefits, Senior Correspondent Mike Causey says you may be on the road to the biggest inflation-catchup in years.