2024 COLA predictions for federal retirees and Social Security recipients suggest it will be considerably less than the 8.7% rate from last year.
In the midst of financial turmoil, the February inflation rate has been released. Inflation is still a problem but the impact of the turmoil remains to be seen.
Legislation has been introduced to potentially increase the COLAs for some federal retirees in some years.
The 2023 inflation rate will impact next year’s COLA and TSP balances. Here is the latest information on 2023 inflation and the 2024 COLA.
Why is there no cost of living adjustment (COLA) until age 62?