This Retirement Mistake Could Cut Your Pension by 15%
Some federal employees under FERS could see a significant cut to their pensions if they meet these criteria.
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.
Some federal employees under FERS could see a significant cut to their pensions if they meet these criteria.
How is the 2022 COLA calculated for different groupings of federal retirees?
The projected COLA increase for 2022 keeps going up. The latest inflation figures show inflation increasing and projected 6.1% COLA for 2022.
Inflation is up this year which will likely boost next year’s COLA for federal retirees, but there is some bad news for FERS retirees.
Inflation is increasing more than expected. The May inflation rate was 5% over a 12-month period. What does this mean for the annual COLA?
Could the 2022 COLA go as high as 4.7%, or will inflation increases start to recede?
The latest inflation data have been released. What are likely projections for the 2022 COLA?
While there is no “perfect” age for a federal employee to retire, there are some benefits to waiting until at least age 62.
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.
Locality pay is determined using a complex system of comparing federal and private sector pay. It is not a COLA.