Hurricane Harvey has created a disruption in oil production and gas prices which could impact next year’s COLA. The author provides an update.
Hurricane Harvey may cause gasoline prices to jump which could ultimately be a boon to federal retirees.
The best estimate for the 2018 COLA is 2.2% according to the Board of Trustees for the Social Security Trust Funds.
Lawmakers in both the House and Senate recently sent letters expressing their concerns to proposals to cut federal employees’ benefits.