Only about 12,300 service members will receive cost of living adjustments in 2020.
In today’s Federal Newscast, the Thrift Savings Plan wants to change the rate it currently uses to calculate some annual cost of living adjustments.
White collar federal civil servants are on track to get a 3.1% pay raise next year — the largest in a decade for 1.2 million civil servants.
Most experts would say it depends on your age, when you plan to retire, and, very important, your risk tolerance.
Is the government using the wrong measuring tool to track inflation and thus producing the wrong cost of living adjustments?
Last month the Thrift Savings Plan implemented a series of changes in withdrawal rules it hopes/expects will lead to more people leaving their investments in the TSP when they leave government.
Federal workers and retirees are awash in numbers today, some solid, some still forming up. The final total will determine in large part what kind of financial future they have.
Social Security says millions of retirees will get a modest 1.6% cost-of-living increase in 2020 _ and that comes to about $24 more a month more the average retired worker
It’s very likely, especially if you haven’t changed plans in the past few years or are retired, that you are paying more in premiums than necessary.
Federal-military-Social Security retirees are hoping for a January 2020 cost of living adjustment, which is nice but not as nice as the days of 8% or 9% yearly increases.