What is the Chained CPI and How Would It Impact Your Retirement?
What is the chained CPI and how would it impact the federal workforce if a new legislative proposal were adopted?
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.
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.
The author proposes an alternate way of calculating the cost of living allowances for Social Security based on the process of computing cost of living adjustments for federal retirees that he says would result in tremendous long term savings.
Starting in January, most retirees under the Civil Service Retirement System (CSRS), who also are enrolled in Medicare Part B, could see a 52% jump in their monthly Medicare premiums.
Will the federal retirement system be changed to require greater contributions from federal employees in the near future? Will the retirement computation change from a high three to high five? Here is a quick summary of pending issues federal employees should be watching.
How much will federal retirees and Social Security recipients receive with a new COLA calculation that will go into effect in January? As of today, there would not be any increase.
The cost of living adjustment (COLA) for 2015 was announced earlier this week, and to put it mildly, pretty much everybody is unhappy with the figure.