COLA increase

Retired Feds to Get Small COLA Increase

Federal retirees, who did not receive a cost-of-living increase last year, will see a modest adjustment of 0.3 percent in 2017.

While the average premiums for Federal Employees Health Benefits Program (FEHB) participants is estimated to increase by 6.2 percent, the National Active and Retired Federal Employees Association (NARFE) is also warning that retirees in the Civil Service Retirement System could additionally see a significant increase in their Medicare Part B premiums unless Congress acts.

When the cost-of living adjustment is low or nonexistent, Social Security law provides that Medicare Part B premiums will increase slight if any increase occurs. This is because Medicare Part B premiums cannot rise more than the dollar amount of an individual’s Social Security benefit. However, for retirees who do not receive Social Security – including those in CSRS – there is no restriction.

“It is grossly unfair that those who pay their premiums from something other than Social Security must pay more in premiums,” NARFE President Richard Thissen said. “There is no reason why two people with the same income should pay different Medicare premiums based on whether the money is coming from a Social Security check or a federal annuity.”

NARFE, along with the American Federation of Government Employees (AFGE), is now urging Congress to address this issue.

“Prices for many items that seniors must purchase are rising faster than the overall inflation rate,” said AFGE National President J. David Cox Sr. “Forcing this group of retirees to shoulder such a huge cost burden will have a devastating impact on their already modest living standards.”

Posted in General News

Tags: FBI, law enforcement officer, officer deaths


This Week on FEDtalk

Sorting Through Cybersecurity Part 2: An Internal Agency Perspective

Tune in to FEDtalk this week for a discussion on Cybersecurity Awareness Month. A few weeks ago we heard from industry leaders about top cybersecurity concerns. This week, the individuals leading efforts to combat cyber threats in government will join us to discuss their work.

Read more ...

Hear it from FLEOA

FLEOA Elects New National Officers at Bi-Annual Conference

Last week, the Federal Law Enforcement Officers Association elected the following National Officers at the 25th National Conference held in College Park, Maryland:

Read more ...

The free weekly e-report for Federal Law Enforcement

Get in touch with us

Email FEDagent publisher

Copyright 2019
Hosted by Peak Media Company, LLC