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 […]
With only four months left in the inflation-watch countdown, retirees who get automatic cost- of-living adjustments are due an increase of at least 1.69 percent next January. That COLA will be higher if living costs measured by the government increase this month, or in July, August or September. The precise amount of the 2015 retiree […]
Feb. 20, 2014—There will be no third cost-of-living adjustment (COLA) for letter carriers under the 2011-2016 National Agreement because the Feb. 20 release of the January Consumer Price Index (CPI) showed no increase in the CPI between July 2013 and January 2014. This morning’s release of the January 2014 CPI-W (1967=100), 685.220, showed no increase […]
Last time Postal Workers received a COLA was September 19, 2008 In January, the Consumer Price Index (CPI-W) rose to 633.176, well below the July 2008 index of 644.303 (upon which the last COLA increase was based). The CPI-W must rise above 644.303 before another COLA is due. After the final month of the six-month […]