Lawmakers Push for 3% COLA in 2021
Legislation has been introduced to provide a higher COLA to retirees in 2021.
CPI-E
GAO Weighs in on Annual COLA Calculations
GAO recommends the BLS evaluate the data sources used to calculate the annual COLA as they may not be accurate.
Trying Again to Change Social Security’s COLA Formula
Another attempt is being made in Congress to change the COLA formula for Social Security to pay higher benefits.
Seniors’ Security Act Takes Retirees Into Unknown Territory
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 to Determine Future COLAs
Alternative ways have at times been considered for computing benefits payments to federal retirees. The author describes some of the options.
COLA Wars
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.
Congress Considering Change in Calculating Retiree Benefit Increases
Recently introduced legislation would change the COLA used in computing federal employee retirement benefits.
What is the Best Way to Measure Inflation?
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 Your Retirement?
What is the chained CPI and how would it impact the federal workforce if a new legislative proposal were adopted?
Why Your Costs May Be Up But Your Retirement Income Goes Down
For the first time since the current system was put into place in 1975, the annual COLA adjustment is unlikely to appear in your paycheck next January. Here’s why.