FERS vs. CSRS: How is the 2024 COLA Calculated?
The 2024 COLA was announced on October 12, 2023. Not all federal retirees will receive the same COLA. Here is how the COLA calculation works.
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.
The 2024 COLA was announced on October 12, 2023. Not all federal retirees will receive the same COLA. Here is how the COLA calculation works.
The 2024 COLA has been released! Here is what federal retirees can expect for next year.
The inflation data for August 2023 are now available. What impact will this have on the 2024 COLA for federal retirees?
The rate of inflation is decreasing. Are you feeling better yet?
Are FEHB premiums going up faster than inflation? Do annual raises and COLA increases keep up with FEHB premium increases?
The latest inflation figures are out for June. What is the impact on the 2024 COLA?
The 2023 COLA payments that started in January reflected an 8.7% increase. What about the 2024 COLA?
These are four mistakes federal employees sometimes make that can negatively impact their retirement.
The inflation rate is continuing to slowly go down. Here is how the 2024 COLA calculations look after the April inflation report was released.
2024 COLA predictions for federal retirees and Social Security recipients suggest it will be considerably less than the 8.7% rate from last year.