“While CSRS annuities and Social Security benefits will be going up 8.7%, the January 2023 COLA unfortunately will be 7.7% for those who retired under the Federal Employees Retirement System,” said Ken Thomas, national president of the National Active and Retired Federal Employees Association. ..."
Reference: www.govexec.com
Microsoft’s plan for reducing its workforce: Retirement buyout vs. layoff
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*Article Excerpt:* "...Employees at and below the senior director level
whose age and tenure at Microsoft add up to at least 70 are eligible for
what is...