Postal, Federal Retirees to get 1.7% cost-of-living adjustment for 2015

From various news sources COLA increase =$22 The U.S. government will raise benefits for Social Security beneficiaries by 1.7% in 2015, the Social Security Administration said today. This is the third consecutive year in which the increase will be under 2%. The agency said it expects to send out checks to about 64 million people […]

NAPS Statement on moving federal and postal retirement to chained CPI.

NAPS Statement On Proposals To Shift COLA To Chained CPI In April, President Barack Obama issued his budget proposal for FY 2014, a proposal that included several measures aimed squarely at deficit reduction. One of these proposals proposed moving Cost-Of-Living-Adjustments (COLA’s) for Social Security and Federal/Postal pensions from the standard Consumer Price Index (CPI), which […]