Lawmakers Want to Increase COLAs for Some Retired Federal Employees
Legislation has been introduced to potentially increase the COLAs for some federal retirees in some years.
COLA
Stay informed on the latest COLA updates for federal retirees, including annual Cost‑of‑Living Adjustment announcements, calculation methods, and policy changes that affect retirement income under FERS and CSRS. Explore clear explanations of how COLA percentages are determined, historical trends in federal retiree COLAs, and the impact of inflation on long‑term financial security. Find timely analysis, legislative developments, and expert insights to help federal retirees understand how annual COLA changes influence their purchasing power and overall retirement planning.
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.
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.
