The cost-of-living adjustment is significantly less than last year’s, which at 8.7% was the largest bump in four decades.
"Use or lose" annual leave is the amount of annual leave that is in excess of the employee's applicable annual leave ceiling.
Legislation passed by the House and Senate will ensure veterans benefits will get the same cost-of-living increase as Social Security payouts.
The law governing COLAs is different for CSRS and FERS retirees, with the amount FERS retirees are entitled to generally being 1 percent lower.
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