After a $232,500,000 settlement agreement was executed in 2000 that also mandated that the United States Office of Personnel Management issue new regulations governing the Cost of Living Adjustment (“COLA”) program, plaintiff federal employees filed suit alleging that the government breached the settlement agreement and both the express and implied covenant of good faith and fair dealing.
COLA - FEDmanager - News for feds
Proposed changes to federal pension benefits under the Trump Administration are poised to impact past, present, and future federal employees, if they are successfully implemented.
Released today, President Donald Trump’s fiscal 2018 budget proposes a series of cuts to the federal retirement system that would significantly impact current retirees and employees, plus future federal employees, according to federal financial experts.
Federal retirees, who did not receive a cost-of-living increase last year, will see a modest adjustment of 0.3 percent in 2017.