Pay raise: Not if or when, but how much!
Article Excerpt: "...future retirement benefits of the vast majority of feds who are under the Federal Employees Retirement System (FERS). Unlike the earlier Civil Service Retirement System (CSRS), which gives retirees full inflation protection for life, FERS has a diet cost of living adjustment (COLA) feature that over periods when inflation is 2% or higher can and will dramatically reduce their benefits, even as living costs rise dramatically..."
Resource: federalnewsnetwork.com