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cost of living adjustment

A ‘diet COLA’ for FERS retirees has compounding effects on retirement savings

A reduced cost-of-living adjustment, or “diet COLA,” for FERS retirees can create a much larger difference in retirement savings over time.

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TSP, retirement

Many federal retirees to receive 3.2% in 2024 COLA, but not everyone gets the same adjustment

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FILE - This March 27, 2008, file photo, shows the Pentagon in Washington. The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who sign up for six years. (AP Photo/Charles Dharapak, File)

DoD overhauls overseas COLA policy, leading to pay decrease for some military members

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Amelia Brust/Federal News Network

For 2023, federal retirees will see largest COLA increase in over 40 years

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(AP Photo/Charles Krupa)FILE - In this June 15, 2018, file photo a canning jar filled with currency sits on a shelf in East Derry, N.H. The idea of having enough money to hire a financial adviser seems like a dream for many. Fortunately, there are less expensive, even free, ways to take a do-it-yourself approach to managing and growing your money. (AP Photo/Charles Krupa, File)

4.9% COLA and 2.7% pay raise: What’s not to like?

There are also lots of things to consider, including picking the best health plan for you and yours to get you through 2022.

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(CreditDebitPro/Mike Lawrence)

Giant COLA: Mixed blessing!

A cost of living adjustment this size carries a double message. First, that inflation is back, and second, that not everybody will get the full increase….

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(AP Photo/Jenny Kane)This Tuesday, Oct. 12, 2021, photo shows a Social Security card in Tigard, Ore. Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic. (AP Photo/Jenny Kane)

Social Security checks getting big boost as inflation rises

Benefits

Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022

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