"...Lots of federal workers, both active and retired, are really sweating the Trump administration’s plan to eliminate cost-of-living adjustments for current and future retirees under the FERS retirement plan. And they are worried for good reason.
Dropping COLAs in the future would save the government lots of money. And it would quickly eat into future benefits for all FERS retirees. Big time.
Financial planner Arthur Stein says that while all federal retirees will have lifetime income in the future, the zero COLA plan would dramatically eat into the money they have to spend in retirement. ..."
Read more at Federal News Radio
