Comment on Federal retirement COLA of 1.7 percent announced

Federal retirement COLA of 1.7 percent announced

Federal retirees will receive an inflation adjustment of 1.7 percent in January, translating to about a $50 increase in the average monthly payment under the annuity program for most of them. The increase, based on an inflation measure announced Tuesday, mirrors the cost-of-living adjustment (COLA) to be paid to Social Security beneficiaries.

 

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