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.
Even without all the fireworks caused by furloughs and the government shutdown that occurred in 2013, Federal News Radio readers found plenty to intrigue them in 2014. Read our 10 most-read stories for 2014.
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.
Don't worry. That mournful sound you're hearing is just federal, military and Social Security retirees reacting to the low cost of living adjustment they'll be receiving come January, says Senior Correspondent Mike Causey.
This is the third year in a row that cost-of-living adjustments for federal retirees, Social Security recipients and disabled veterans will be less than 2 percent.
Pay, pensions and health insurance premiums are all going up in the next several months. But definitely not at the same rate, says Senior Correspondent Mike Causey. White collar workers know what their January 2015 raise will be. But the cost of living adjustment for retirees is still to be decided, and new (and in some cases higher) health premiums will be unveiled in October.
Senior Correspondent Mike Causey wants to know, do you believe our government is telling the truth or concealing details about some very important things, like retiree COLAs?
Federal retirees will soon know their cost of living adjustment for January 2015. The bad news is, it might be lower than they were hoping, says Senior Correspondent Mike Causey.
Senior Correspondent Mike Causey says he has lots in common with actor George Clooney. Yet, they may differ on what's cheap, what's a bargain and what's an outrage.
Thanks to a slight dip in July living costs, the tentative inflation-catch up for millions of retired Americans now stands at 1.8 percent. But, feds have two more months to endure before they know what their cost of living adjustment will be next January, says Senior Correspondent Mike Causey.
Despite higher prices at the pump, overall living costs rose only slightly last month. For federal-military-Social Security retirees, that points to a 1.9 percent cost of living adjustment in January.