2012 Retirement COLA

[Buster]

Nasa or Norm..You guys rule the roost...You can close this thread if it suits you guys..

But I started this thread with news about Retirement income being adjust for the first time in two years..it was good news for us retired folks and only for them (per the topic this thread falls under)..My intentions were to bring news to us retirees.

Seems a couple now think it is their place to p!ss all over this parade because of their personal angst toward people that have worked almost 2/3s of their life and now are trying to live contently with their fixed income… Norm and many others, I don't have a wife or significant other still working helping with the monthly cost of living ...I myself had to go back to work as a private civilian again and also to earn the needed quarters to become eligible for Social Security..

So if you envious malcontents have nothing but disdain or want to begrudge those that have served their time and earned their retirement or have years left to your career and can’t fathom what it may be like to finally retire...Please take your whiny contemptible crap elsewhere.

Oh and thanks for butting in on topic that don't even concern you yet and ruining it

 

[rikarus]

as a 27 year active civil servant, i can assure you that we did not see a cola raise in my agency last year. or the year before.

im glad that retirees are bieng taken care of, but it wouldnt hurt my feelings to see it myself too.

 

[Buster]

I agree...I wish the whole of the working Civil servant work force would get a substancial positive pay adjustment this January....maybe 2013..(fingers crossed).

 

[SteelSaving]

That was another thing I don't get. What agencies received COLA the past two years? Mine sure didn't.
I figured your investment in TSP and perhaps an IRA was supposed to take care of any COL increases going into retirement.

It's not too much to ask to get enough in my paycheck to build a strong base and earn my own interest in a retirement account or two is it? I'd prefer not to have to worry about COLA in my grey years.

 

[nnuut]

Alright! back on subject way to go!

 

[nnuut]

Don't forget tomorrow [Oct 19, 2011] is the day the PPI is announced for the last quarter of the year. It [CPI-W] will be used compute SSA and retired Civil Servant's COLA for 2012 it was estimated to be 3.5% before the numbers come out tomorrow. This is the first raise in 3 years and will take effect in January unless the Administration decides to cancel it.

 

[Buster]

Don't forget tomorrow [Oct 19, 2011] is the day the PPI is announced for the last quarter of the year. It [CPI-W] will be used compute SSA and retired Civil Servant's COLA for 2012 it was estimated to be 3.5% before the numbers come out tomorrow. This is the first raise in 3 years and will take effect in January

 

[burrocrat]

When I was a kid and there wasn't enough in the cupboard it was called tough love. We ate our liver and onions with spinach and worked in the yard. Now that the budget is bare, it's called tough crap. Why is it always the kids must pay?

A whole generation supported (via financial contribution and political will) a system administered by a manmade entity that is inherently mathmatically disfunctional. What, were you all out back protesting with the cheerleaders instead of paying attention in arithmatic? I know the arguement, paid in for thirty years, got it coming, never concerned if everybody would get theirs, only caring the about what is mine. At least some old truths still apply, "visiting the iniquity of the fathers on the children" Duet. 5:9-10. Good job there, nice dedication, way to paddle. Something about mammon belongs here.

I'm no naval architect but I know this: when volume of conditions excedes vessel displacement things go down. Kind of like a reverse Titanic, only there are no lifeboats, and Darwin has a say. That is no time to debate what should have been. There will be plenty of time for that judgement to pass in heaven. Thanks for the financial anchor around the neck here, does it come in red?

You thought the thought of class war was bad? Wait until they start yacking about generational war on the telly. Y'alls about to lose freeboard, I know how that ends. And it isn't fair.

Don't worry too much, the kids will pay. You still believe that's going to happen, right? Same as it ever was.

 

[Minnow]

CPI-W came in at 4.4 ... a little hot, no?

 

[nnuut]

USA Today Announces SSA COLA To Be 3.6% In January.

Posted on October 19, 2011 by ssapotluck
http://socialsecuritypotluckdotcom....oday-announces-ssa-cola-to-be-3-6-in-january/

USA Today
http://www.usatoday.com/money/perfi...security-cola/50822994/1?loc=interstitialskip

 

[clester]

Cola is 3.6% according to CNN. That's 2.6% for us fers folks. Better than nothin'

 

[Dutchy]

Cola is 3.6% according to CNN. That's 2.6% for us fers folks. Better than nothin'

Please explain the 1% difference, Thanks....

 

[nnuut]

This guy explains it very well.
http://www.fedsmith.com/article/673/colas-pay-raises-federal-community.html

 

[clester]

Please explain the 1% difference, Thanks....

That's how they are saving money. They gave us tsp match, lowered fers % for years service, and lowered cola. If cola is above 3% fers gets 1% less. If between 2 and 3 % fers gets .5 % less I think and if below 1% we get actual cola. Go to opm.gov to get exact info.

 

[Dutchy]

That's how they are saving money. They gave us tsp match, lowered fers % for years service, and lowered cola. If cola is above 3% fers gets 1% less. If between 2 and 3 % fers gets .5 % less I think and if below 1% we get actual cola. Go to opm.gov to get exact info.

Thanks!

 

[clester]

Here is a quote from opm on fers cola
For Federal Employees Retirement System (FERS) or FERS Special benefits, if the increase in the CPI is 2 percent or less, the Cost-of-Living Adjustment is equal to the CPI increase. If the CPI increase is more than 2 percent but no more than 3 percent, the Cost-of-Living Adjustment is 2 percent. If the CPI increase is more than 3 percent, the adjustment is 1 percent less than the CPI increase. The new amount is rounded down to the next whole dollar.

 

[rikarus]

just saw on cnn that ssi recipients will see a 3.6% raise.

 

[clester]

An important note. Fers supplement is not affected. Just fers pension.

 

[Buster]

USA Today Announces SSA COLA To Be 3.6% In January.

SWEET!

 

[Buster]

Got my notice today from OPM..that my January's annuity check will have the 3.6% increase added in..