The 2023 COLA could be the largest for federal retirees in 40+ years.
Is 2022 a good year to retire? How do the annual pay raise, inflation, and COLAs compare during similar economic circumstances under Presidents Carter and Biden?
An unusually high COLA could result in higher taxes for retirees.
2023 COLA estimates are now above 10%, and one prediction is as high as 11.4%.
Companion legislation has been introduced in the Senate to give federal retirees under both FERS and CSRS the same annual COLA amounts.
Inflation is going up fast. So are the 2023 COLA estimates. Will this influence your decision about when to retire?