Inflation Soars Again: Value of 2022 Federal Pay Raise and COLA Going Down
Inflation is soaring. The 2022 COLA will be 5.9%. Inflation is now at 7.6% over 12 months per the CPI-W and the 2022 federal pay raise is projected at 2.7%.
Inflation is soaring. The 2022 COLA will be 5.9%. Inflation is now at 7.6% over 12 months per the CPI-W and the 2022 federal pay raise is projected at 2.7%.
Inflation has been rising at a much higher rate than usual. How can this impact a federal employee’s retirement?
The 2021 inflation rate so far is now 6.2%. With a projected 2022 federal pay raise of 2.7%, and a COLA of 5.9%, purchasing power is declining fast.
TSP core funds are bouncing back. One fund is up more than 6% so far this month. Are there reasons for concern about inflation and its impact on stock prices?
Inflation is up again in July. There is another higher projection for the 2022 COLA figure to be announced in October.
Some federal employees under FERS could see a significant cut to their pensions if they meet these criteria.
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?
The latest inflation data have been released. What are likely projections for the 2022 COLA?
Have you considered these inherent risks to your retirement plans?
These are three hidden expenses you may not anticipate that can impact your retirement budget.