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Last month, the Social Security Administration announced that beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) in 2025. In fact, a recent survey conducted by The Motley Fool ...
The fundamental goal of COLA is to compensate service members for the high cost of living at certain duty stations. COLA rates are based on a service member's pay grade, years of service, and number of dependents. An area is considered high cost if the cost of living for that area exceeds 108% of that national average of non-housing costs.
Unfortunately, FERS retirees receive a smaller COLA adjustment than federal retirees under CSRS, especially when the COLAs are as high as 5.9% and 8.7% respectively. The FERS COLA breakdown is ...
OLDCC employees have a range of experience in economic and community development, land use planning, real estate redevelopment, federal real property programs, military programs, and worker adjustment. Project managers also bring a working knowledge of other federal agencies and their respective programs to help communities put together an ...
Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military. These benefits are technically not a veterans pension , but a retainer payment, as retired service members are eligible to be reactivated.
Changes to retirement plan contributions. The Internal Revenue Service announced record-high maximum annual contributions to 401(k) and similar retirement accounts for 2023. Workers who have a 401 ...
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.