Today, the U.S. Department of Labor announced cost-of-living-adjustment (COLA) information for federal retiree benefits in 2019. CSRS annuitants will receive a 2.8 percent monthly increase starting with January 2019 benefit payments, while FERS retirees will see their monthly pensions adjusted by 2 percent. All Social Security beneficiaries ….
Read MoreNew Government Pay Tables
If you haven't paid attention, we are actually getting a small cost of living adjustment this year, after many years of freeze or smaller-than-the-cost-of-living increases. While private sector professionals have been seeing significant pay increases since 2008, government employees have been burdened with pay freezes or, after calculating inflation, reductions.
But, surprisingly, the Trump Administration let the cost of living increases go into effect this year, while simultaneously threatening a future pay freeze. Here's the new salary table for the Washington, DC area....
Read More2.02% Pay Raise Expected for 2017
Earlier in the year the President announced a 1.0% across-the-board pay raise for federal General Schedule (GS) employees. Now, under different authority, the President transmitted to Congress his plan to provide an additional 0.6% average locality pay increase for federal GS employees.
In the Washington-Baltimore area, this means GS employees will receive a 2.02% pay raise after January 1, 2017.
According to the Office of Personnel Management, the....
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