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 More
As a result of the repeated attacks on federal employees from Capitol Hill, a number of members have contacted us and asked what options the agency might have to reduce the size of the federal workforce. To be clear, we have no information that anyone is planning any of these reductions, but we are posting this information because of the inquiries we received.
In the past, the agency typically avails itself of a number of options before resorting to involuntary reductions in force or RIFs. Typically those options include:
- attrition through retirements and normal separations
- Voluntary Early Retirement Authorities (VERA)
- Voluntary Separation Incentive Program (VSIP)
Before you dismiss the impact.....Read More