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If theres no inflation, so theres no COLA for SS for two years, why

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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-01-09 01:34 PM
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If theres no inflation, so theres no COLA for SS for two years, why
....are Federal employees getting a 2% COLA for 2010?




Workers who receive pay over and above the base federal rates — because of higher living costs and greater private-sector pay in their regions — would have been entitled to an average 16.5 percent increase under a legal formula. But presidents can invoke emergency conditions to set their own pay plans.

Citing the current stress on the economy, Obama said current locality percentages would remain in effect in 2010.

In August, Obama announced he would reduce pay increases for all federal workers from 2.4 percent to 2 percent.

http://www.startribune.com/business/78188567.html
Obama won't raise 2010 'locality pay' for federal employees, will retain current percentages | StarTribune.com
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