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Next year’s COLA increase may not be as good as predicted
For all the hoopla following the recent Trustees’ Report prediction which forecast a 2018 COLA increase of 2.2%, the inflation indicators which drive the actual adjustment aren’t performing to the level needed for that big a boost. COLA is driven by changes to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), but that index decreased slightly last month. The actual COLA won’t be known until after the 3rd quarter of 2017 is over, but this madison.com article by Sean Williams advises not to count on 2.2% just yet. Click here to read more.
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