Mar 22, 2017
2018 May be Largest Retiree COLA in years
"...While many federal workers are sweating the prospect of budget and program cuts, downsizing and wondering if there will be a 2018 — assuming they still have jobs — retirees are in a different place.
They are safe from program and budget cuts but always concerned about prices — especially for things (like medicine) that retirees generally spend more for than regular workers. The good news for the retired folk is that there is a faint pulse in the cost-of-living adjustment (COLA) financial lifeline. Faint, but there.
With only seven months to go in the COLA countdown, federal, postal and military retirees and people who receive Social Security are in line for a 1.03 percent inflation adjustment in January 2018..."
