"...Congress hasn’t yet managed to alter the law that provides annual cost-of-living adjustments to retirees. That’s a good thing, too, because COLAs are one of the best benefits provided to federal retirees and survivors. They help you to keep up with the pace of inflation. After a two-year drought during which no COLAs were paid, COLAs in 2012 jumped to 2.6 percent for Civil Service Retirement System annuitants and to 2 percent for Federal Employees Retirement System annuitants. The Congressional Budget Office is predicting that the 2013 COLA will be 1.6 percent for both..."
Jul 9, 2012
Dec 23, 2011
Federal Retirement Planning: Good Things in 2012
"...For the 85 percent of the federal workforce covered by the Federal Employees Retirement System, this added up to a savings of between $1,000 (for a $50,000 salary) to more than $2,100 (for a person earning the maximum taxable wage of $106,800)..."
Read more at govexec.com
Read more at govexec.com
Dec 17, 2011
Recent retired feds won't see COLA increase
"...Federal retirees are due for a 3.6 percent cost-of-living adjustment starting next year.
But for COLAs and federal retirement, close isn't good enough. Employees planning to retire — even by Dec. 31 — won't be eligible for the increase..."
Read more at federalnewsradio.com
But for COLAs and federal retirement, close isn't good enough. Employees planning to retire — even by Dec. 31 — won't be eligible for the increase..."
Read more at federalnewsradio.com
Nov 7, 2011
COLA Formula Adjustment
"..."super committee" tasked to slow nation's rising debt appears to have reached consensus on dampening future cost-of-living adjustments (COLAs) for federal entitlement programs, including military retirement, through use of a..."
Read more at dailypress.com
Read more at dailypress.com
Nov 6, 2011
Federal employees will see their incomes rise
"...During this pay freeze for U.S. government workers, at least one group of federal employees will see their incomes rise...federal retirees will receive in January the first inflation adjustment to their annuity benefits since 2009, an increase of 3.6 percent for most
The cost-of-living adjustment, or COLA, will also be paid in Social Security and military retirement benefits, which — like civil service annuities — have been frozen for two years..."
Read more at washingtonpost.com
The cost-of-living adjustment, or COLA, will also be paid in Social Security and military retirement benefits, which — like civil service annuities — have been frozen for two years..."
Read more at washingtonpost.com
2012 COLA Payment Calculation
"...Employees under Federal Employees Retirement System (FERS) will get 2.6% COLA if they have had benefits for at least one year.
OPM has issued official guidelines for how this will be applied to federal retirees.
The COLA is effective December 1, 2011 and is first reflected in the annuity payment dated January 3, 2012.
Federal Employees Retirement System (FERS) and FERS Special Cost-of-Living Adjustments are not provided until age 62, except for disability, survivor benefits, and other special provision retirements.."
Read more at fedsmith.com
Read more at fedsmith.com
Nov 5, 2011
2012 Federal Employee COLA
"...Federal retirees will receive up to a 3.6 percent cost-of-living adjustment increase in 2012 -- the first boost since 2008...
Federal retirees under the Civil Service Retirement System as well as Social Security recipients will receive the full 3.6 percent COLA increase. Those in the Federal Employees Retirement System will receive a 2.6 percent bump in 2012. If the full..."
Read more at govexec.com
Federal retirees under the Civil Service Retirement System as well as Social Security recipients will receive the full 3.6 percent COLA increase. Those in the Federal Employees Retirement System will receive a 2.6 percent bump in 2012. If the full..."
Read more at govexec.com
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