2023 COLA and the Long Expected Federal Retirement Tsunami
With a significant differential between a COLA and pay raise in 2022 and 2023, many federal employees are likely to retire. Here is why.
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.
With a significant differential between a COLA and pay raise in 2022 and 2023, many federal employees are likely to retire. Here is why.
The 2022 COLA was 5.9%—the largest in 40 years. The CPI-W for February is up 8.5% in 12 months. Will the 2023 COLA go even higher?
How is inflation measured? Measurement methods have changed. Those who think their decline in purchasing power is higher than reported are probably right.
Inflation is soaring. How does the inflation rate compare to 45 years of pay raises and COLAs?
Are the retirement decisions by federal employees impacted by politics and policy decisions?
New data show a 40-year inflation surge in consumer prices further eroding recent salary and COLA increases.
The inflation rate measured by the CPI-W went up 7.8% in 2021 reducing purchasing power of the 2022 COLA and pay raise now in effect.
My FERS annuity with the 2022 COLA is increasing less than 4.9% in January. Why is that?
A vaccine mandate, a big COLA, and more telework: these are some of the biggest events for federal employees in 2021.
With inflation rising and health insurance costs increasing every year, federal retirees need to budget carefully. These are some helpful resources.