NARFE NewsLine Advocacy Update - October 15, 2019

October 15, 2019

PRESIDENT'S MESSAGE

 

I heard a comedian joke once that “numbers don’t lie because numbers don’t talk.” As active and former federal employees, we know all too well the importance of numbers in crafting policy, appropriating funds and developing programs. Sadly, last week federal retirees were reminded that numbers do lie as another annual cost-of-living adjustment (COLA) was calculated using incomplete data negatively affecting their retirement. For years, the government has known about this problem, and for years, the government has had a way to fix it. Yet, Congress has remained silent, never righting the wrong for retired civil servants. Just as we continue to beat the drum calling for much-needed pay raises for federal employees, NARFE will not be silent on unfair retirement treatment. I released a media statement last week in response to the 2020 COLA announcement, calling out the unfair practice and Congress, specifically, for its lack of action. Read below to learn more about this financial unfairness and how NARFE’s advocacy department continues to fight for retired federal employees.

 

ADVOCACY UPDATE

It is time to Enact Legislation Accurately Measuring COLAs for Seniors 

Seniors continue to get short-changed annually by the current formula, the CPI-W, to measure annual cost-of-living adjustments (COLAs). While the CPI-W tracks the spending habits of the urban workforce, it does not appropriately account for the spending habits of seniors who tend to spend more on goods and services specific for their needs. For example, the price of medical care has far outpaced price increases for other consumer goods. Seniors spend more on health care - nearly double than the average spending of the general population.

It is time for the Congress to adopt the Consumer Price Index for the Elderly (CPI-E) to calculate annual COLAs. NARFE supports the Fair COLA for Seniors Act, H.R. 1553, which would switch the COLA calculation from the CPI-W to the Consumer Price Index for the Elderly (CPI-E). The change would result in higher COLAs with an estimated 0.27 percentage points per year.

The Fair COLA for Seniors Act needs cosponsors to get the attention it deserves and move through the legislative process. Please take a moment to contact your representative and urge him/her to cosponsoringthis critical legislation. You can do so easily in NARFE’s Legislative Action Center

 

 

National Active and Retired

FEDERAL EMPLOYEES Association

NARFE (National Active and Retired Federal Employees Association) 606 N. Washington St., Alexandria, VA 22314, Phone: (703) 838-7760, Fax: (703) 838-7785.

 

This is the only website that reflects the official opinions and positions of the National Active and Retired Federal Employees Association (NARFE). Opinions and/or positions that appear on any other site bearing NARFE's name or seal are not necessarily those of NARFE. Click here for Privacy Statement.   NARFE has been certified by Dun & Bradstreet.

NARFE NewsLine Advocacy Update - October 15, 2019

October 15, 2019

PRESIDENT'S MESSAGE

 

I heard a comedian joke once that “numbers don’t lie because numbers don’t talk.” As active and former federal employees, we know all too well the importance of numbers in crafting policy, appropriating funds and developing programs. Sadly, last week federal retirees were reminded that numbers do lie as another annual cost-of-living adjustment (COLA) was calculated using incomplete data negatively affecting their retirement. For years, the government has known about this problem, and for years, the government has had a way to fix it. Yet, Congress has remained silent, never righting the wrong for retired civil servants. Just as we continue to beat the drum calling for much-needed pay raises for federal employees, NARFE will not be silent on unfair retirement treatment. I released a media statement last week in response to the 2020 COLA announcement, calling out the unfair practice and Congress, specifically, for its lack of action. Read below to learn more about this financial unfairness and how NARFE’s advocacy department continues to fight for retired federal employees.

 

ADVOCACY UPDATE

It is time to Enact Legislation Accurately Measuring COLAs for Seniors 

Seniors continue to get short-changed annually by the current formula, the CPI-W, to measure annual cost-of-living adjustments (COLAs). While the CPI-W tracks the spending habits of the urban workforce, it does not appropriately account for the spending habits of seniors who tend to spend more on goods and services specific for their needs. For example, the price of medical care has far outpaced price increases for other consumer goods. Seniors spend more on health care - nearly double than the average spending of the general population.

It is time for the Congress to adopt the Consumer Price Index for the Elderly (CPI-E) to calculate annual COLAs. NARFE supports the Fair COLA for Seniors Act, H.R. 1553, which would switch the COLA calculation from the CPI-W to the Consumer Price Index for the Elderly (CPI-E). The change would result in higher COLAs with an estimated 0.27 percentage points per year.

The Fair COLA for Seniors Act needs cosponsors to get the attention it deserves and move through the legislative process. Please take a moment to contact your representative and urge him/her to cosponsoringthis critical legislation. You can do so easily in NARFE’s Legislative Action Center

 

 



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NARFE (National Active and Retired Federal Employees Association) 606 N. Washington St., Alexandria, VA 22314, Phone: (703) 838-7760, Fax: (703) 838-7785.

 

This is the only website that reflects the official opinions and positions of the National Active and Retired Federal Employees Association (NARFE). Opinions and/or positions that appear on any other site bearing NARFE's name or seal are not necessarily those of NARFE. Click here for Privacy Statement.   NARFE has been certified by Dun & Bradstreet.