Legislation has been introduced to use the CPI-E for calculating an annual COLA or use a higher figure if the CPI-W is more. How much of a difference would this make in retirement income?
Legislation has been introduced to provide a higher COLA to retirees in 2021.
GAO recommends the BLS evaluate the data sources used to calculate the annual COLA as they may not be accurate.
Another attempt is being made in Congress to change the COLA formula for Social Security to pay higher benefits.
Another attempt is being made in Congress to change COLA increases to use the CPI-E in an effort to help retirees. Is this a good idea?
Alternative ways have at times been considered for computing benefits payments to federal retirees. The author describes some of the options.
Recently proposed legislation would apply a new COLA for all federal benefits programs, but the author cautions that it may not be all it’s cracked up to be.
Recently introduced legislation would change the COLA used in computing federal employee retirement benefits.
The Social Security Administration states that the goal of a cost-of-living adjustment is to ensure that the purchasing power of seniors is not eroded by inflation, but with no COLA planned for 2016, does that mean that seniors do not have to worry about inflation? As the author notes, it depends on how inflation is measured.
What is the chained CPI and how would it impact the federal workforce if a new legislative proposal were adopted?
