The Impact of a Higher Minimum Wage on COLAs for Federal Retirees
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.
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.
Some state or local governments have minimum wages that are higher than the federal government. OPM explains how to reconcile the differences.