The following budget proposal is a concern for all Federal retirees. FERS and CSRS:
Cost of Living Adjustments
The budget proposes eliminating COLAs for current and future federal employees under the Federal Employees Retirement System (FERS). For retired federal employees under the Civil Service Retirement System (CSRS), COLAs would be reduced by 0.5%. (Fedsmith.com)
Cost of Living Adjustments
The budget proposes eliminating COLAs for current and future federal employees under the Federal Employees Retirement System (FERS). For retired federal employees under the Civil Service Retirement System (CSRS), COLAs would be reduced by 0.5%. (Fedsmith.com)