One of the best things about retiring from the government is that pensions are inflation-protected for life, but the Trump administration wants to eliminate cost-of-living adjustments for one group of retirees and trim future inflation catch-ups for others.
Senior Correspondent Mike Causey says Trump should keep his hands off the federal retirement program, at least if he wants to stay in power.
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.
Senior Correspondent Mike Causey says the greatest fear of retirees who don’t get a pension from work or an inflation adjustment is running out of money.
Are you worried about running out of money? This week on Your Turn, financial planner Arthur Stein joins host Mike Causey to discuss how long your investments should last during retirement. May 24, 2017
Proposed changes to the federal retirement system could force current federal employees to delay retirements and spark financial hardship for current retirees. Federal financial experts discuss these proposals, which President Donald Trump included in his full fiscal 2018 budget request.
Senior Correspondent Mike Causey says federal and Social Security retirees may be in for a cost-of-living adjustment that’ll trump January’s proposed 1.9 percent pay raise for federal workers.
Congress is in the midst of “reforming” the federal government by rounding up overpaid bureaucrats and whittling back their break-the-bank benefits.
While the ink on the deal hasn’t dried yet, more than 200,000 postal employees could see a series of pay raises down the road, now that one of the major postal unions has reached a provisional labor agreement with the U.S. Postal Service.
When it comes to the latest proposed pay raise, Senior Correspondent Mike Causey wonders if federal workers are ingrates or just in shock.