Social Security Report Predicts a 0.2% COLA in 2017
The latest annual report from the Social Security Board of Trustees estimates that there may be a 0.2% COLA for retirees in 2017.
The latest annual report from the Social Security Board of Trustees estimates that there may be a 0.2% COLA for retirees in 2017.
Will there be a COLA for federal retirees in 2017? It is too early to know, but the current situation is not positive. Here are the factors that will impact any adjustment for retirees in January.
A 2017 pay raise of 1.6% is working its way through Congress. This would be the highest raise federal employees have had since 2010.
What are the prospects for a cost of living adjustment (COLA) in 2017 and what are the implications for federal retirees? The author looks at the current situation.
The Obama administration has recommended a 1.6% pay raise for federal workers in 2017. Does that mean this is a done deal and federal employees now know what their pay raise will be next year? Hardly. Here is a detailed look at how the political process surrounding how the federal workforce is paid is likely to play out in the coming months.
What is the chained CPI and how would it impact the federal workforce if a new legislative proposal were adopted?
Legislation has been introduced in the House to give federal retirees and Social Security recipients a 2.9% COLA in 2016.
Information on a cost of living adjustment (COLA) for 2016 has been released with little suspense as it was already well-known that there would not be a COLA increase in January for federal retirees and Social Security recipients.
It isn’t official yet, but there will not be a cost of living adjustment in 2016. Adjust your budget accordingly.
How much of a COLA increase will federal retirees have in 2016? Any increase at all is looking highly unlikely.