Alaska's Federal Employees: COLA to Locality Pay
Alaska Locality Pay has been a hot topic for years but now it's a reality for Alaska's Federal Employees. This transition, from COLA to Locality Pay, means BIG changes for Federal Employees in Alaska. But more importantly - the phase in to Alaska Locality Pay will have a HUGE impact on your Federal Retirement plans. COLA to Locality = BIG Changes to Your Federal Retirement Plans Transitioning from COLA to Locality Pay will make it possible for some federal employees to retire sooner than they had thought. While others will be more concerned with the additional taxes this change brings.
Click here for Current Alaska COLA and Locality Pay Rates
Non-Foreign Area Retirement Equity Assurance Act
If you want to read the full text of the bill, click here for the Non-Foreign Area Retirement Equity Assurance Act
Return from Alaska Locality Pay to Plan Your Federal Retirement Home Page

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