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.
In today’s Federal Newscast, legislation in both the House and Senate aims to guarantee every senior a Social Security cost of living adjustment with an annual floor of no less than 3%.
It will be late this year, probably November or December, before active and retired federal workers find out how much extra money they may have next year.
If you feel totally confused on the subject of a 2020 federal pay raise, or inflation catch up for retirees, it doesn’t mean you haven’t been paying attention.
For the last six years many federal workers and retirees have had nightmares about losing major parts of their Civil Service Retirement System and Federal Employees Retirement System benefits. And they’ve gone through a series…