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Worried about retirement? Join the club
Feds who are already retired (and those who plan to retire someday soon) have several worries, Senior Correspondent Mike Causey says. For those about to take the plunge, the concern is the backlog of applications at the Office of Personnel Management. For those already on the roles the fear is that future benefit increases will be downsized each year.
Tags: Mike Causey , Federal Report , pay and benefits , retirement , chained CPI , OPM backlog , furloughs
'Unchained CPI Melody' bums some
When it comes to those annual cost-of-living adjustments, a growing number of federal workers and retirees actually get diet COLAs each January. And that would get worse -- and extend to all retirees under a White House plan that has strong congressional backing, Senior Correspondent Mike Causey says.
Tags: Mike Causey , Federal Report , pay and benefits , benefits , retirement , chained CPI ,
Retiree raise? COLA not a guarantee
Federal, military and Social Security retirees get a cost-of-living adjustment like clockwork each and every year, even during years when federal workers do not get pay raises. But the 2014 cost-of-living adjustment for retirees is up in the air and on attack on two very different fronts, Senior Correspondent Mike Causey says.
Tags: Mike Causey , Federal Report , pay and benefits , retirement , chained CPI ,
Zen and your diet COLA
Senior Correspondent Mike Causey wants to know: If I chopped a couple of bucks off each of the future cost-of-living adjustments made to your federal retirement or Social Security benefits would you even notice? Or, would you pick up the fact that over time that is a lot of money that you will never see.
Tags: Mike Causey , Federal Report , pay and benefits , workforce , chained CPI ,
Crunching your COLA numbers
Federal, military and Social Security retirees would receive smaller benefits in the future if the government switches to a new yardstick to measure inflation. How much would it cost you? Maybe more than you think, Senior Correspondent Mike Causey says.
Tags: Mike Causey , pay and benefits , retirement , workforce , chained CPI
Fed employee group calculates lost benefits under chained CPI
President Barack Obama's proposal to change the way retirees' cost-of-living adjustments (COLAs) are calculated has drawn the ire of federal-employee groups and unions. The National Active and Retired Federal Employees Association (NARFE) has released a calculator designed to show retirees and policymakers how benefits would be reduced if the chained CPI were implemented.
Tags: NARFE , Joseph Beaudoin , workforce , pay and benefits , chained CPI , Jack Moore
Feds in Survivor Island mode
President Barack Obama wants to make federal service cool again. But his budget proposals, which would reduce future retirement benefits and force feds to pay more for them, has a lot of current civil servants hot under the collar, Senior Correspondent Mike Causey.
Tags: Mike Causey , Federal Report , pay and benefits , workforce , budget , 2014 budget , retirement
President's 2014 budget includes pay increase, but retirement changes loom large
Federal employees would see a slight pay bump next year under President Barack Obama's proposed budget for 2014. But at the same time, the White House budget outline proposes sweeping changes to federal employees' retirement benefits, including reductions to annual cost-of-living increases for retirees.
Tags: budget , 2014 budget , pay and benefits , pay , Barack Obama , retirement ,
Changes to COLAs, retirement benefits included in Obama's 2014 budget
President Barack Obama is calling for the implementation of the "chained Consumer Price Index" to measure inflation. The change will reduce cost-of-living adjustments for retired federal employees and Social Security recipients. The 2014 budget is officially scheduled for release on Wednesday.
Tags: budget , 2014 budget , Barack Obama , Congress , chained CPI , retirement , Social Security
Diet COLAs for everybody?
If you could pick any historical event to relive, it probably wouldn't be the maiden voyage of the Titanic — that didn't go well. And now, 100 years later, federal, military and Social Security retirees are just becoming aware of a political iceberg that could punch a hole in their future benefits, Senior Correspondent Mike Causey says.
Tags: Mike Causey , Federal Report , pay and benefits , retirement , chained CPI , Congress , sequestration , NARFE
