2022 COLA: Why Are FERS and CSRS Different?
The 2022 COLA will be significant but lower for FERS than for CSRS. Here are the differences and an explanation for the differences.
The 2022 COLA will be significant but lower for FERS than for CSRS. Here are the differences and an explanation for the differences.
Social Security recipients are likely to get a big COLA in 2022, but the author notes that this is a major financial burden for the program.
Some federal employees under FERS could see a significant cut to their pensions if they meet these criteria.
How is the 2022 COLA calculated for different groupings of federal retirees?
The projected COLA increase for 2022 keeps going up. The latest inflation figures show inflation increasing and projected 6.1% COLA for 2022.
Inflation is up this year which will likely boost next year’s COLA for federal retirees, but there is some bad news for FERS retirees.
Inflation is increasing more than expected. The May inflation rate was 5% over a 12-month period. What does this mean for the annual COLA?
Could the 2022 COLA go as high as 4.7%, or will inflation increases start to recede?
The latest inflation data have been released. What are likely projections for the 2022 COLA?
While there is no “perfect” age for a federal employee to retire, there are some benefits to waiting until at least age 62.