Schumer Urges One Time ‘Emergency’ Payment to Social Security Recipients to Offset Low COLA
Senator Charles Schumer (D-NY) has announced an initiative to offset the low COLA that was recently announced for the coming year.
COLA
Articles in this section cover the annual cost of living adjustment (COLA) for retired federal employees. Our authors illuminate the intricacies of the COLA and its significant impact on the financial well-being of federal retirees. Discover insights into the factors influencing COLA calculations, the historical trends in adjustments, and how these annual changes directly affect the purchasing power of retired federal workers. Stay informed about the latest updates, legislative changes, and expert analyses about the COLA, ensuring retirees are equipped with the knowledge necessary to navigate their finances effectively. Explore our articles to gain a comprehensive understanding of the annual adjustments that play a pivotal role in shaping the financial landscape for retired federal employees.
Low COLA? Blame it on Gasoline
The author says that a drop in gasoline prices is to blame for the very low COLA that was announced for 2017 this week.
Social Security Taxes Set to Rise for Some Employees in 2017
The Social Security Administration has announced that the maximum amount of earnings subject to the Social Security tax will climb 7.3% in 2017.
0.3% COLA Increase for Federal Retirees and Social Security Recipients in 2017
There will be a COLA increase of 0.3% for federal retirees and Social Security recipients in 2017.
Groups Urge Lawmakers to Combat Rising Medicare Part B Premiums
Numerous organizations recently sent a letter to lawmakers urging them to find a way to ease the burden of expected rising Medicare part B premiums in 2017 to help retirees.
Chances Increase for Small COLA in 2017
There is some good news for readers who may be hoping for any COLA increase in January.
Federal Employees and Retirees Face Hard Choices With Rising Premiums
Federal employees and retirees will face a series of difficult decisions over the next month as they think about funding their benefit contributions in the midst of rising costs.
Changing to Elderly Index for COLA Calculation Will Be Insignificant
Legislation would change the COLA calculation for Social Security and federal retirees to the CPI-E index. It would also benefit those collecting spousal benefits.
Newly Re-Elected NARFE Leaders Face a ‘Perfect Storm’ of Rising Premiums Hitting Federal Retirees
Federal retirees could be facing a “perfect storm” of events that could collectively cause costs for their benefits to rise sharply in 2017. NARFE has been campaigning to minimize the potential negative impact on retired federal employees.
2017 Federal Pay Raise and COLA Update
What is the status of a 2017 raise for federal employees, next year’s COLA increase, proposed locality pay changes and military pay? Here is an update.
