For CSRS retirees: (05/21/14) The 2015 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index in 2014 over the 2013 third quarter average. After the first quarter of 2014, the first quarter of the 2015 COLA adjustment period, the quarterly index has risen by 0.4%. For FERS retirees: (05/21/14)…
Marco Rubio Proposes Dismantling Medicare and Raising the Retirement Age On Tuesday, Sen. Marco Rubio (R-FL) gave a speech at the National Press Club in which he laid out his sweeping proposal to confront the nation’s retirement security crisis through cuts to Social Security and Medicare. Rubio is widely viewed as a potential candidate for…
The backlog of pending pension claims at the Office of Personnel Management fell in April for the third straight month, in part from an increase in applications processed, according to numbers released May 6 by the Office of Personnel Management. OPM received 8,047 retirement claims in April —higher than the projected 6,500. The agency was…
