Bleak Outlook for 2017 COLA
The outlook for federal retirees and Social Security recipients for an increase in income in 2017 is bleak. For the average Social Security recipient, next year’s COLA increase is unlikely to be over $5.00 per month.
Articles in this section cover the annual cost of living adjustment (COLA) for retired federal employees. Our authors illuminate the intricacies of the COLA and its significant impact on the financial well-being of federal retirees. Discover insights into the factors influencing COLA calculations, the historical trends in adjustments, and how these annual changes directly affect the purchasing power of retired federal workers. Stay informed about the latest updates, legislative changes, and expert analyses about the COLA, ensuring retirees are equipped with the knowledge necessary to navigate their finances effectively. Explore our articles to gain a comprehensive understanding of the annual adjustments that play a pivotal role in shaping the financial landscape for retired federal employees.
The outlook for federal retirees and Social Security recipients for an increase in income in 2017 is bleak. For the average Social Security recipient, next year’s COLA increase is unlikely to be over $5.00 per month.
A series of actions are leading probable declines in the take home pay of federal retirees in 2017. Current federal employees, however, are on pace to see their largest pay increase since 2010.
The latest annual report from the Social Security Board of Trustees estimates that there may be a 0.2% COLA for retirees in 2017.
Will there be a COLA for federal retirees in 2017? It is too early to know, but the current situation is not positive. Here are the factors that will impact any adjustment for retirees in January.
A 2017 pay raise of 1.6% is working its way through Congress. This would be the highest raise federal employees have had since 2010.
What are the prospects for a cost of living adjustment (COLA) in 2017 and what are the implications for federal retirees? The author looks at the current situation.
The Obama administration has recommended a 1.6% pay raise for federal workers in 2017. Does that mean this is a done deal and federal employees now know what their pay raise will be next year? Hardly. Here is a detailed look at how the political process surrounding how the federal workforce is paid is likely to play out in the coming months.
What is the chained CPI and how would it impact the federal workforce if a new legislative proposal were adopted?
Legislation has been introduced in the House to give federal retirees and Social Security recipients a 2.9% COLA in 2016.
Information on a cost of living adjustment (COLA) for 2016 has been released with little suspense as it was already well-known that there would not be a COLA increase in January for federal retirees and Social Security recipients.