COLAs, Inflation and Planning Your Retirement
Federal retirees receive an annual cost of living increase indexed to inflation, but the inflation index may not reflect your true cost of living.
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.
Another COLA Increase for Retirees Coming in January
The annual COLA increase for federal retirees is still going up and will become effective in January 2007.
2007 COLA Continues Upward in July
The rate of inflation is continuing its upward trend. This means that federal retirees will get a bump up in annuity payments in 2007 to help cover the rising cost of living.
COLA’s, Housing Costs and Lawsuits: How Pay is Determined for Some Federal Employees
Federal employees outside of the contiguous 48 states are paid differently than most FedSmith readers who usually get an annual raise and locality pay. OPM did a survey on housing costs in these areas outside the 48 contiguous states and has published the results.
2007 COLA for Retirees Continues To Go Up
The COLA adjustment for retirees won’t be final until the September figures are calculated. For now, the differential is 3.1%.
Retirement May Pay More than Working
Many Federal retirees are on track for a 2.9% increase next year–and the figure is likely to be higher by the end of September.
4.1%! Federal Retirees Can Look Forward to Bigger Than Expected 2006 COLA
Many federal retirees can look forward to a larger than expected increase in their annuity check in January 2006.
COLA’s, Pay Raises and the Federal Community
Some federal retirees may get a higher pay raise than active federal employees in 2006.
Single Digit Rise in Health Insurance for 2005
Federal employee health insurance premiums going up average of 7.9% in 2005
