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Calculating the 2015 Cost of Living Adjustment (COLA)
Would you like to see an increase of 1.69% in your retirement annuity in January 2015? That may happen or, perhaps, the final figure could even be higher. The 1.69% is based on the latest figures from the Consumer Price Index (CPI-W) which is the most relevant inflation index for most federal retirees. If you collect Social Security, an annuity under the federal government CSRS or FERS retirement systems, CPI-W is how the cost of living adjustment (COLA) will be determined for your retirement check in January 2015…Read More
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