Jan 3, 2020

Retiree COLAs vs Federal Workers Pay Raise

"...Federal workers this month are getting a 3.1% total pay and federal-postal retirees are getting a 1.6% cost of living adjustment. Both the raise and the COLA are the largest in years, yet why the difference?

Short answer: Different yardsticks — fed pay raises are a political/financial decision made each year by Congress and the White House. COLAs are based on the rate of inflation as measured by the Consumer Price Index-W. While it’s been that way for decades, many people, many of them retirees, think it’s the wrong measurement...."

Read more at the Federal News Network

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