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.
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.
2023 COLA for Federal Retirees Highest Since 1981
The 2023 COLA for federal retirees and Social Security recipients has been announced and will be the largest in since 1981.
Highest Expected 2023 COLA for Social Security in 40 Years
The 2023 COLA could be the largest for federal retirees in 40+ years.
A Perfect Retirement Storm? Comparing Pay Raise, Inflation, COLAs During Periods of High Inflation
Is 2022 a good year to retire? How do the annual pay raise, inflation, and COLAs compare during similar economic circumstances under Presidents Carter and Biden?
2023 COLA Update: CPI-W Up 9.1% in One Year
The latest 2022 inflation update and the first month used in the 2023 COLA calculation are now official. Here are the results.
Good or Bad News? 2023 COLA Estimates: 10.5%? 10.8%? 11.4%?
2023 COLA estimates are now above 10%, and one prediction is as high as 11.4%.
2023 COLA Update: Inflation Up, Highest Since 1981
Inflation and the 2023 COLA have captured the interest of many readers. Here are the latest figures as of June 2022.
Inflation Rate, 2023 COLA, and Why TSP Dropped Dramatically in One Day
The 2022 inflation rate is rising rapidly. Here is why the TSP funds have fallen sharply and what it all means for the 2023 COLA estimate.
Bill Seeks to Raise Annual COLA for Some Retired Federal Employees
Companion legislation has been introduced in the Senate to give federal retirees under both FERS and CSRS the same annual COLA amounts.
Inflation Rate, 2023 COLA Prediction, and How Much Your TSP is Declining
The increase in the inflation rate slowed in April but is still rising at a pace not experienced in decades. What is the impact on the 2023 COLA and the TSP?
