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 MoreCutting Federal Pension System Would Add to Nation’s Retirement Crisis
The administration’s forthcoming budget proposal for 2018 is expected to include devastating cuts to the retirement benefits of federal employees, marking yet another unwarranted attack on middle-class civil servants that the National Treasury Employees Union will strongly oppose.
The proposed changes will cut the pay of federal employees by increasing their retirement contributions repeatedly for consecutive years. This would easily negate....