While you were away, here’s what happened on the job front — spoiler alert, not much!
In addition to the ever-present threat of a shutdown, it’s when federal workers go shopping for next year’s all-important heath insurance.
With two critical months to go in the cost of living adjustment countdown, federal, military and Social Security retirees are in line for an inflation catch-up.
Most current federal retirees, and a small percentage of folks still on the payroll, are under the old Civil Service Retirement System. It offers a generous lifetime annuity that is based on salary and length…
The size and purchasing power of your 2020 biweekly paycheck or monthly annuity payment will be decided in a couple of months. The good news about the January 2020 COLA for federal, military and Social Security retirees is that there almost certainly will be one.
It’s quiet, as August is a time when things are on hold until at least after Labor Day. But a lot awaits lawmakers when they return.
Despite tough talk from Congress and the White House, the federal employee benefits package has so-far remained untouched.
Many retirees will be watching the inflation index from now through September to see what their January cost of living adjustments will look like.
Many federal and postal workers live and work in high tax states, so many retire to low-or no-tax states to get more from their annuities.
Active and retired feds probably won’t know the size of their 2020 pay raise — if any — or cost-of-living adjustment — if any — until late in the year.