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Unfortunately, FERS retirees receive a smaller COLA adjustment than federal retirees under CSRS, especially when the COLAs are as high as 5.9% and 8.7% respectively. The FERS COLA breakdown is ...
While most retirees and soon-to-be retirees know what the COLA is, there is a lot about the Social Security COLA that isn't understood by many retirees. ... 2021 (Effective January 2022) 5.9% ...
Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake ...
In 2022, their checks also went up by a significant amount, jumping by 5.9%. In 2025, on the other hand, retirees will get just 2.5% more in their Social Security checks compared with the amount ...
Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake ...
The study data suggested the 2022 COLA lagged behind ongoing rates of inflation by nearly 50%, on average. ... “Many retirees have had to dip deeper into their savings than planned, while those ...
In fact, Social Security beneficiaries received an 8.7% raise for 2022 after inflation spiked higher. Last year, the cost-of-living adjustment, or COLA, was significantly lower, at just 3.2%.
The person sitting in the Oval Office beginning on Jan. 20, 2025, could affect what retirees' future Social Security increases will be.