Rewarding High Performers and Chopping Benefits
OPM has released its proposed legislative changes impacting pay and benefits for the federal workforce. Here is a summary.
Articles in this section cover the annual cost of living adjustment (COLA) for retired federal employees. Our authors illuminate the intricacies of the COLA and its significant impact on the financial well-being of federal retirees. Discover insights into the factors influencing COLA calculations, the historical trends in adjustments, and how these annual changes directly affect the purchasing power of retired federal workers. Stay informed about the latest updates, legislative changes, and expert analyses about the COLA, ensuring retirees are equipped with the knowledge necessary to navigate their finances effectively. Explore our articles to gain a comprehensive understanding of the annual adjustments that play a pivotal role in shaping the financial landscape for retired federal employees.
OPM has released its proposed legislative changes impacting pay and benefits for the federal workforce. Here is a summary.
TSP annuities will have a new formula used to calculate their cost of living adjustments starting this spring.
A number of reductions to federal employees’ retirement benefits have been proposed in the President’s 2021 Budget.
Which group comes out ahead in determining a COLA or the annual federal pay raise?
The FRTIB has proposed a change to the rate used to calculate annual increases for TSP annuities.
Federal retirees receive COLAs on their annuities to help offset inflation, but are there any similar options with your TSP account?
The COLA for 2020 has been met with a tepid response. The author explains how it is calculated as well as prospects for seeing higher future COLAs.
Federal retirees can expect a modest COLA in 2020 now that the official inflation data have been released.
Inflation did not rear its ugly head in August. That may not be good news for federal retirees and Social Security beneficiaries.
We do not yet know the COLA amount for 2020 but the latest data available is now in.