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.
Stay informed on the latest COLA updates for federal retirees, including annual Cost‑of‑Living Adjustment announcements, calculation methods, and policy changes that affect retirement income under FERS and CSRS. Explore clear explanations of how COLA percentages are determined, historical trends in federal retiree COLAs, and the impact of inflation on long‑term financial security. Find timely analysis, legislative developments, and expert insights to help federal retirees understand how annual COLA changes influence their purchasing power and overall retirement planning.
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.
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.
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.
The outlook for federal retirees and Social Security recipients for an increase in income in 2017 is bleak. For the average Social Security recipient, next year’s COLA increase is unlikely to be over $5.00 per month.
A series of actions are leading probable declines in the take home pay of federal retirees in 2017. Current federal employees, however, are on pace to see their largest pay increase since 2010.
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.