2023 Inflation: Still High, But Going Down— 2024 COLA Will Not Match 2023
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.
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.
Why Do I Not Get a COLA Until Age 62?
Why is there no cost of living adjustment (COLA) until age 62?
2024 Federal Pay Raise: How About 8.7%?
Legislation has been introduced to set the 2024 federal pay raise for federal employees at 8.7%.
2024 COLA? 2022 Inflation 6.5%, COLA 8.7%, Average Raise 4.6%
The 2022 inflation rate was 6.5% at the end of the year. The COLA for 2023 was 8.7%. What is likely to happen with the 2024 COLA?
When Will Federal Retirees See the 2023 COLA in Their Annuity Payments?
The 2023 COLA is the largest in over 40 years. When will federal retirees get the increased payments?
2022 in Review: 2023 Federal Pay Raise, Federal Employee Vaccine Mandate and More
Historic inflation, COLA, pay raise and problems related to the TSP website: a recap of 2022 for federal employees.
Inflation, 2023 Federal Pay Raise, and Declining Wealth As 2022 Winds Down
While the anticipated 2023 federal pay raise is 4.6%, on average, inflation has slowed to an annual increase of 7.1%.
2022 Inflation Continues Going Up; FERS Retirees Still Get 1% Less Than CSRS on 2023 COLA
Inflation is still with us in 2022. The latest inflation figures are no longer at a 40-year high, but consumers are still feeling pinched.
Why Retiring Now Won’t Help You Cash In on the 2023 COLA
Federal employees planning to retire at the end of 2022 to take advantage of the large 2023 COLA are likely to be disappointed.
4.1% Differential Between 2023 Pay Raise, COLA
Inflation has been rising fast, and the 2023 COLA was just announced. Even with a projected 2023 pay raise of 4.6%, purchasing power is declining fast.
