February 14, 2018 Contract COLA: 4th COLA is $520 The fourth regular COLA under the 2016-2019 National Agreement is $520 annually following the release of the January 2018 Consumer Price Index. On February 14, the Bureau of Labor Statistics announced that the CPI for Urban Wage Earners and Clerical Workers (CPI-W, 1967=100) stood at 720.604…
From: Senator Robert P. Casey, Jr. <senator@casey.senate.gov> Date: Thu, Jan 18, 2018 3:48 pm Dear Mr. Zelznick: Thank you for taking the time to contact me regarding cuts to federal employee retirement benefits. I appreciate hearing from you about this issue. On May 23, 2017, the Office of Management and Budget (OMB) released President Trump’s…
The VER process requires very careful thinking on the part of eligible employees. To help you make an informed decision, please review the following quick steps and important dates. Use this summary of the instructions spelled out in the VER Offer Letter in conjunction with the annuity estimate and any other forms in the VER…
USPS FERS annuity estimates on LiteBlue now include your estimated annuity supplement. The FERS annuity supplement makes a huge difference when you retire before age 62. For an average postal employee, it adds about $37 per month for each year of career FERS service. With 30 years of FERS service, the supplement adds about $1,100…
Updated January 2018 The date above indicates the date that this document was reviewed and updated. Whenever this document is updated, every FAQ is reviewed, but not every FAQ requires a change. NOTE: For more information related to any questions and answers presented in this document, you should review the VIDEO segments in the Retirement…
By Erich Wagner – November 6, 2017 The Office of Personnel Management on Monday reported a slowdown in its processing of federal employee retirement claims in October, marking the first significant increase to its backlog since July. Last month, OPM received 8,850 new retirement claims from departing federal workers, which was only slightly more than…
