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COLA Increase in 2016 Appears Less Likely
(By - Ralph Smith, www.fedsmith.com)
As we edge closer to October, when federal retirees and Social Security recipients learn how much their COLA will actually be in 2016, the answer to whether there will be a COLA increase in 2016 becomes a little more clear each month. It now appears increasingly less likely that there will be a COLA increase for federal retirees in January 2016. The reason is because the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is about the same in July as it was in June. The CPI-W is the index used for measuring increases in the prices that are used to determine how much the COLA increase will be, if any, in January 2016. Read more…
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