Equal COLA Act Needed as Federal Retirees Continue to Get Different COLA Rates

Article Title: Equal COLA Act Needed as Federal Retirees Continue to Get Different COLA Rates
Snippet of Article: "...Under current law, the COLAs for Social Security, CSRS, and FERS are all calculated based on the rate of inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If CPI is 2% or less, the FERS COLA is the same as the CSRS and Social Security COLA. But if the CPI is between 2.01% and 3%, the FERS COLA is 2%. If the CPI is greater than 3%, then the COLA for FERS is 1% less than the CSRS COLA. ..."

Source:

[tag] CSRS vs. FERS, Age Discrimination in Federal Retirement, Biased Government, Equal COLA Act, [/tag]

2023 COLA Update

Article Title: 2023 COLA Update
Snippet of Article: "...Relevant to the cost-of-living-adjustment (COLA) to civil service annuities for 2023, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased by 1.52 percent in March 2022. Under current law, COLAs for federal retirement annuities, as well as for military retiree annuities and Social Security payments, are determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which is calculated by economists and statisticians with the Bureau of Labor Statistics (BLS). The CPI-W is the current index used for measuring increases in the prices of consumer goods, including food and beverages, housing, clothing, transportation, medical care, recreation, education, communication, and more. ..."

Source: www.narfe.org

[tag] Federal Employee News, Federal Civil Service, 2023 COLA Update [/tag]

CPI-W, Consumer Price Index - June 2010

Article Title: CPI-W, Consumer Price Index - June 2010 Snippet of Article: "...The Consumer Price Index for Urban Wage Earners and Clerical Workers, (CPI-W) increased 1.4 percent over the last 12 months to an index level of 213.839 (1982-84=100). For the month, the index fell 0.1 percent prior to seasonal adjustment. ..."

Source: www.bls.gov

[tag]cpi-w,Government,Military,Retiree, [/tag]

Postal COLA Update

Article Title: COLA Update
Snippet of Article: "...The CPI-W must rise above 644.303 before another COLA would be due. After the final month of the six-month measuring period, the seventh COLA..."

Source: www.apwu.org

[tag]Federal,Government,Military,Retiree, [/tag]