For employees, 2010 is a mixed year for benefits. For retirees, it’s pretty much a bust. General Schedule employees received a 2 percent pay increase, with 1.5 percent going to all employees and the remainder being distributed through locality pay. If you want to compare how you made out against employees in other areas, go to the Salaries and Wages page on the Office of Personnel Management Web site. The maximum taxable earnings for Social Security withholding stay at the 2009 level — $106,800. So, if you are a Federal Employees Retirement System or Civil Service Retirement System Offset employee,…
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Q. Can anyone explain why retirees are not included in the 2 percent cost-of-living allowance for 2010? Is it because the President is pro union and retirees are not covered by the union? As far as I know, this is the first time retirees were excluded from annual COLAs. It would seem to me that retirees are more in need of the COLA than currently employed full-time employees. A: There are two pieces of law involved here. The salaries of employees are governed by the pay comparability act, which compares the salaries of federal jobs with those in the private…