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The cost-of-living adjustment, or COLA, for 2023 will increase 8.7% for CSRS retirees and Social Security recipients, while FERS retirees will receive a 7.7% COLA.
In today's Federal Newscast: Social Security makes some progress in reducing payments to dead people. Technical updates to the website for IG reports expected to produce even more government transparency. And AT&T public sector has a new leader: Zee Hussain.
In today's Federal Newscast: More than 50 victims handed over millions of dollars to scammers posing as feds. A new bill would try to make it easier to fire federal employees.
The Social Security Fairness Act now has more than 290 co-sponsors, more than enough to force a House floor vote.
Also in today's Federal Newscast, a commission to help agencies prevent and manage wildfires has its official members. And the Army kicked off a huge recompete of its Common Hardware Systems 6th Generation (CHS-6) contract.
When Social Security was launched in 1935, the average life expectancy for men was 59.9 years and 63.9 for women. Full benefits started at 65, so do the math! It sounded almost like a safe, government-guaranteed Ponzi Scheme, minus the scheme part.
Retiring as soon as you can may seem like a good idea now. But how will it impact you financially years into retirement when inflation has reduced your FERS annuity or your TSP balance?
The WEP/Offset battle is up and running again, with renewed vigor. Since it's important to so many, Mike Causey will be taking a look at both sides of the argument.
Whether you are (or should be) for Postal Reform or against the Windfall and Offset laws, help is coming. John Hatton, staff VP for NARFE, will discuss the status of these on Your Turn.
As last Sunday's Super Bowl recedes into old news, I think there's a lesson for federal employees who work far below the political level.
The good news is that federal, postal, military and Social Security retirees in January will be getting the largest cost of living adjustment they’ve had in years. That is also the bad news!
In today's Federal Newscast, President Joe Biden will sign an executive order aimed at saving Americans time and frustration when seeking a broad array of federal services.
Recent legislation would get rid of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), but the repeal would be temporary. Federal employee groups say it's better than nothing.
Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022