The Chained CPI and Federal Retirees

"...The president’s budget proposal now provides for a chained CPI...

If you are a current federal employee or a retired federal employee, you would be impacted by a chained CPI when it comes time to receive your future retirement payments. Each year, federal retirees benefit from a cost of living allowance. In most years, this results in an increase in the amount of money received by a retiree. In 2013, this current COLA calculation resulted in an increase of 1.7% for most people receiving Social Security or a CSRS pension payment.

What would the impact of this change be on a federal retiree?..."

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