Inflation Jumps to 5% Annual Increase: Latest COLA Estimate for 2022
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?
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.
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.
The author says that an increase in the federal minimum wage could have an impact on Social Security and the annual COLA for federal retirees.
Locality pay is determined using a complex system of comparing federal and private sector pay. It is not a COLA.
One Congressman is making another attempt to ensure CSRS and FERS federal retirees get the same COLAs.
There are a number of special provisions afforded to certain federal employees under FERS.
Legislation has been introduced to provide a higher COLA to retirees in 2021.
Here are details on the annual cost of living adjustment federal retirees can expect in 2021.