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10:18 am, September 30, 2014

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Search Tags:  COLA

Senators urge about-face on new military retirement cuts

Pentagon leaders expressed disappointment on Tuesday at the retiree cost of living cuts under the Ryan-Murray budget deal and urged Congress to repeal them. But officials also pressed lawmakers to wait for an independent study group's conclusions before making more piecemeal changes to the military compensation system.

Tags: DoD , Congress , pay and benefits , retirement , Carl Levin , James Winnefeld , Christine Fox , Angus King , budget , Jared Serbu

Wednesday - 01/29/2014, 04:06am EST
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Analyzing the budget deal

On this week's Your Turn radio show, host Mike Causey examines what's in the most recent budget deal that will impact feds.

Tags: Your Turn , budget , sequestration , Mike Causey , retirement , FEHBP , pensions , pay and benefits , Jessica Klement , Sean Reilly , Andy Medici

Wednesday - 12/11/2013, 03:57pm EST
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How the budget deal will impact current and future feds

Newly hired federal workers will be required to contribute more toward their pensions and some military retirees will see smaller cost-of-living adjustments under a budget deal announced by Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.) Tuesday evening. The budget deal, which sets funding levels for the next two years, eases some of the bite of the automatic spending cuts, known as sequestration. The pact restores about $63 billion to agency spending through the end of fiscal 2015, split about evenly between Defense and civilian agencies.

Tags: Congress , budget , sequestration , retirement , pay and benefits , Joseph Beaudoin , Jack Moore

Wednesday - 12/11/2013, 04:08am EST

VA benefits set to slightly increase in 2014

When veterans and their families, who receive disability compensation and retirement benefits from the Veterans Affairs Department, receive their annual cost-of-living increase next month, for the first time ever, it won't be rounded down to the nearest dollar. Overall, the COLA for veterans benefits will increase 1.5 percent. Until this year, the COLA for veterans' benefits was rounded down to the nearest dollar. That will change with payments beginning in January.

Tags: VA , Eric Shinseki , pay and benefits , benefits , disability benefits , Jack Moore

Wednesday - 12/04/2013, 11:41am EST

Year-end retirees miss COLA boat

Planning to retire soon to cash in on that 1.5 percent cost-of-living adjustment? Good plan, except for one problem, Senior Correspondent Mike Causey says. The good ship USS COLA has sailed!

Tags: Mike Causey , Federal Report , pay and benefits , retirement ,

Monday - 11/18/2013, 02:00am EST

A single-digit raise? It could have been worse

Retirees will get a 1.5 percent cost-of-living adjustment next January, and white-collar feds are looking at a 1 percent raise. Not much but it could have been a lot worse, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , pay raise ,

Friday - 11/01/2013, 02:00am EDT

2014 COLA to rise 1.5 percent

The Social Security Administration announced Wednesday morning that the cost-of-living adjustment, or COLA, for 2014 will rise 1.5 percent.

Tags: Social Security , pay and benefits , retirement , Shefali Kapadia

Wednesday - 10/30/2013, 07:02am EDT

Retiree COLAs: Is bigger always better?

When it comes to cost-of-living adjustments for retirees, bigger is always better, right? Or is it? Either way, some changes may be coming in the way the government tracks inflation, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , benefits ,

Wednesday - 10/16/2013, 02:00am EDT

Estimates point to slight COLA hike

Preliminary figures suggest next year's benefit increase will be roughly 1.5 percent, according to an analysis by The Associated Press. The increase will be small because consumer prices, as measured by the government, haven't gone up much in the past year.

Tags: pay and benefits , benefits , retirement , DOL , SSA , government shutdown

Monday - 10/14/2013, 12:35pm EDT
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