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Menu for retirees: Steak, to hamburger, to Alpo
Senior Correspondent Mike Causey wants to know: Would the new plan to revise future cost-of-living adjustments put federal and Social Security retirees on a more realistic (and healthy) steak-to-beans diet? Or would each non-raise get a little worse?
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 , workforce , COLA , chained CPI
DoD's 2014 budget: Fewer civilians, higher retiree health fees
The Defense Department's 2014 budget proposal reduces the size of the civilian workforce slightly, increases TRICARE premiums, and requests another round of base closures. It also calls for a slight raise for both civilian employees and uniformed servicemembers. The budget significantly exceeds the Defense spending caps in current law.
Tags: DoD , budget , 2014 budget , pay raise , TRICARE ,
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 , COLA ,
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 , COLA
Is your retirement check shrink-proof?
Senior Correspondent Mike Causey wants to know: Would you be willing to accept a slightly smaller retirement benefit if it would help get the country out of debt? What if future cost-of-living adjustments to your civil service benefit were reduced by a mere 0.3 percent each year?
Tags: Mike Causey , Federal Report , budget , pay and benefits , chained CPI ,
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 , COLA , Social Security
Leaner retirement in the works
In your golden retirement years, will you be dining on steak or Hamburger Helper? Some people say the latter may be on the menu thanks to a White house plan to trim future cost-of-living-adjustments for federal, military and Social Security retirees, Senior Correspondent Mike Causey says.
Tags: Mike Causey , workforce , pay and benefits , Federal Report
Retirement twilight zone
Bob Leins hosts a roundtable discussion of some strange but true retirement planning stories.
April 8, 2013
Tags: pay and benefits , retirement benefits processing , retirement planning , Bob Leins , NITP , Tammy Flanagan , James Marshall , Bob Braunstein , For Your Benefit
Federal retirements exceed expectations for third straight month
For the third month in a row, the number of federal employees filing retirement claims outpaced the Office of Personnel Management's projections. OPM received 10,183 retirement claims in March, more than double the number it expected to receive, according to new OPM data..
Tags: OPM , retirement backlog , Jack Moore
