Shows & Panels
Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- American Readiness: Renewable Power and Efficiency Technologies
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Delivering the Digital Government Mission
- Federal Executive Forum
- Federal News Radio's National Cyber Security Awareness Month Special Panel Discussion
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- Government Perspectives on Mobility and the Cloud
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- The New Generation of Database
- Reimagining the Next Generation of Government
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Another No-Cal COLA for Retirees?
Monday - 5/24/2010, 4:00am EDT
Retirees who equate inflation-catch-up-adjustments with good news will be sorry with the latest numbers from the Bureau of Labor Statistics.
This is big news considering one in every six Americans either gets a federal civil service annuity, military retired pay or Social Security benefits.
According to the BLS, the rise in April living costs was so slight that retirees, after several months when living costs actually dropped, probably won't get a cost of living adjustment in January, 2011.
Thanks to deflation during the cost of living countdown period between 2008 and 2009, retirees did not get a COLA in January of this year. That was shocker after the 5.8 percent COLA they got in January, 2009 thanks to a ripple effect that higher oil prices had on most aspects of the economy.
COLAs for federal retirees, military retirees and people who get Social Security benefits are linked inflation, as measured by the BLS. January COLAs are triggered by the increase in a Consumer Price Index from the current third quarter (July, August, September) over the previous year third quarter. It's a one way street in that retiree annuities can go up because of inflation, but cannot be reduced when there is deflation.
Many retirees appreciate being on steady annuities during a time of deflation when prices for many things actually decrease. But others say the BLS sample "market basket" of goods and services doesn't include many things important to retirees. Or they point to increase in health premiums with or without a COLA.
Bottom line: Barring a major jump in inflation between now and the end of September, it is unlikely retirees will get a COLA next January.
If you really want to get down in the weeds to see how the complex process works, here's how the National Active and Retired Federal Employees explains it to its members: April Prices Increase
For the complete picture from the BLS, click here.
Today (10 a.m. EDT) For Your Benefit radio show host Bob Leins will be talking with financial planner Karen Schaeffer about the federal TSP and what you should and should not be doing during this period of stock market ups and downs.
To reach me: email@example.com
Nearly Useless Factoid
by Suzanne Kubota
CNN reports 4,000 British adults, ages 18 to 85, were asked by Tesco Mobile to rank the world's 100 most important inventions. Coming in at number 8: the iPhone. Hot water was ranked 29th.
ADDITIONAL PAY AND BENEFITS NEWS ON FEDERAL NEWS RADIO
Federal News Radio announces winners of Causey Awards
The awards recognize the exceptional efforts of seven distinguished individuals who work in the Human Capital Management field specifically in pay, benefits, human resources and human capital issues in the federal government and in industry. Click here to see the winners and learn about the work that garnered them the award.
Monday Morning Federal Newscast
Among the headlines this morning in the Federal Newscast: Legionnaires hits a federal workplace, 'Lost' Army Col. paid $400,000, Hold reportedly placed on telework bill, Maryland builders banking on BRAC bonanza. For more, click here.
National Archives hopes for annual Jeopardy!
The answer is contests. The question is how to build engagement while having fun. Archivist of the United States David Ferriero tells us about "Archives Jeopardy!" Read more here.
How to set up a successful home office
Getting out those bunny slippers and creating a routine in your home office might not be as easy as you think. A lot goes in to setting up an effective home office, and DorobekInsider spoke with Cecelia Jernegan, a home office guru. Read more here.
ALSO ON FEDERAL NEWS RADIO
Former ODNI CIO: Cyber discussions must happen
As you may -- or may not -- have heard, Harris Corporation is building the country's first cyber integration center and is developing what it hopes will be a secure business model for cloud computing. Dale Meyerrose is vice president and general manager, Harris Cyber Integrated Solutions, and former chief information officer at the Office of National Intelligence. He tells us more about what Harris is doing for federal agencies in the cloud, and why everyone should discuss cybersecurity. Read more here.