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Federal-employee, veterans groups assail proposal to limit COLAs

Federal-employee groups and veterans organizations say a legislative proposal that would result in lower cost-of-living adjustments for federal and Social Security retirees is a non-starter. Moving to a "Chained" Consumer Price Index method of calculating inflation would curtail future benefits for Social Security retirees, including federal employees and veterans, opponents of the proposal say.

Tags: Congress , budget , pay and benefits , chained CPI , NARFE , Bernie Sanders , retirement , Julie Tagen , Jack Moore

Friday - 11/09/2012, 08:49pm EST

Fed retirees to see 1.7 percent COLA increase in 2013

The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits that more than 56 million Social Security beneficiaries, according to the Social Security Administration. Social Security recipients received a 3.6 percent increase in benefits this year after getting none the previous two years.

Tags: retirement , SSA , pay and benefits

Tuesday - 10/16/2012, 12:48pm EDT

A bitter diet COLA coming up ...

Federal, postal and military retirees are about to get an inflation-adjustment. That's the good news. The bad news is that it will be a diet- version and, for most, leave a very bitter aftertaste, Senior Correspondent Mike Causey says.

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

Tuesday - 10/16/2012, 02:00am EDT

Pay or pension: Back to the future

Two years into a three-year pay freeze, thousands of retirement-eligible feds are doing the math and concluding that maybe they would be better off retired and getting inflation adjustments rather than working at their 2010 salary rate, Senior Correspondent Mike Causey says. So what's in it for you?

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

Wednesday - 10/03/2012, 02:00am EDT

No pay raise but maybe a COLA?

What's the difference between a pay raise for active-duty federal workers and a cost-of-living adjustment for retirees and Social Security beneficiaries? This time around it's about 1.38 percent, Senior Correspondent Mike Causey. So who's the winner?

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

Tuesday - 09/18/2012, 02:00am EDT

Retiring - the only way to get ahead?

Worried about another pay freeze next year? Thinking about retiring to get a cost of living adjustment? Timing is everything, and for some people its already too late, Senior Correspondent Mike Causey says.

Tags: pay and benefits , retirement , workforce , Mike Causey , Federal Report , FERS , CSRS , pay raise

Friday - 04/06/2012, 02:00am EDT

Are you better off now than you were two years ago?

Thanks to the two-year pay freeze and two years of higher health premiums many federal workers today are taking home less money than they were in 2010, Senior Correspondent Mike Causey says. Some alert feds are also curious as to whether Congress has plans to extend their pay freeze until 2013, 2014 or maybe even until 2015.

Tags: workforce , pay and benefits , retirement , Mike Causey , Federal Report , Congress , annuity , pay freeze , FERS , CSRS

Monday - 04/02/2012, 02:00am EDT

Pay raise or retiree COLA: Timing is everything!

Worried about another pay freeze next year? Thinking about retiring to get a cost of living adjustment? Timing is everything, and for some people its already too late, Senior Correspondent Mike Causey says.

Tags: pay and benefits , pay , benefits , retirement , workforce , Mike Causey , Federal Report , buyouts , pay free , pay raise ,

Thursday - 03/01/2012, 02:00am EST

To COLA or not to COLA...

Are you better off financially slogging it to work or sleeping in five days a week? Some people say that all things considered they would be better off as a retiree than as an office serf. So do the math, Senior Correspondent Mike Causey says.

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

Wednesday - 12/28/2011, 02:00am EST

Inflation down but COLA is steady

Inflation dropped last month but that won't have any impact on the 3.6 percent cost-of-living adjustment coming to retired feds in a couple of weeks. But some will get more than others.

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

Tuesday - 12/20/2011, 02:00am EST
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