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Inflation boosts payouts to retired feds, Social Security recipients
Federal retirees, Social Security recipients, military retirees and beneficiaries of several other government programs will receive an increase of 1.5 percent in their benefits in January. The cost-of-living adjustment, or COLA, is based on a figure announced this Wednesday by the Labor Department, reflecting inflation over the 12 months ending in September. Joseph Beaudoin, president of the National Active and Retired Federal Employees Association, called the COLA “welcome news for countless Americans who rely on the increase…Read More
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