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A new bill has been introduced in Congress that would increase the annual cost of living adjustment (COLA) for retired federal employees under the Federal Employees Retirement System (FERS) in ...
In fact, next year's 2.5% bump is higher than the 2010's average COLA of 1.4%, and is similar to the average since 1983 (after the soaring inflation of the preceding decade). What it means for ...
It's official: Social Security benefits will receive a 2.5% cost-of-living adjustment (COLA) in 2025, the smallest percent increase in payments since 2021. That means the average retired worker ...
"Congressional passage of the bill is a historic victory for the National Active and Retired Federal Employees Association, which has been advocating for repeal of WEP and GPO for 40 years. It ...
In 1921, 14 retired federal government workers met to form an association to protect the hard-earned retirement benefits of federal civilian employees, retirees, and their survivors in the organization that would become NARFE, [3] but not for everyone. In the first two months after the Civil Service Retirement Act took effect in 1921, more than ...
The cost-of-living adjustment (COLA) increase in Social Security benefits this year will be small. The Social Security Administration (SSA) announced a 2.5% cost-of-living adjustment (COLA) for 2025.
Most new federal employees hired on or after January 1, 1987, are automatically covered under FERS. Those newly hired and certain employees rehired between January 1, 1984, and December 31, 1986, were automatically converted to coverage under FERS on January 1, 1987; the portion of time under the old system is referred to as "CSRS Offset" and only that portion falls under the CSRS rules.
American troops who have retired and are under the age of 62 would have cost-of-living adjustments (COLA) cut by 1% each year under the new deal. By the 2014 calculation of 1.5% the retired will receive 0.5% increase. [4] Their COLA will still go up, however. The maximum salary of a federal contractor would be capped at $487,000. [4]