2024 COLA Trend: Inflation at 4% and Next COLA Projection Going Down
The 2023 COLA payments that started in January reflected an 8.7% increase. What about the 2024 COLA?
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 2023 COLA payments that started in January reflected an 8.7% increase. What about the 2024 COLA?
These are four mistakes federal employees sometimes make that can negatively impact their retirement.
The inflation rate is continuing to slowly go down. Here is how the 2024 COLA calculations look after the April inflation report was released.
2024 COLA predictions for federal retirees and Social Security recipients suggest it will be considerably less than the 8.7% rate from last year.
In the midst of financial turmoil, the February inflation rate has been released. Inflation is still a problem but the impact of the turmoil remains to be seen.
Was the 2023 COLA applied to your annuity less than you expected? Here is how the COLA system works and variations that may impact federal retirees.
Legislation has been introduced to potentially increase the COLAs for some federal retirees in some years.
The 2023 inflation rate will impact next year’s COLA and TSP balances. Here is the latest information on 2023 inflation and the 2024 COLA.
Why is there no cost of living adjustment (COLA) until age 62?
Legislation has been introduced to set the 2024 federal pay raise for federal employees at 8.7%.