From Chuck Weber, your Veteran Service Officer...
|2015 Cola for Military Retirees, Social Security and VA Benefits|
Federal retirees will know their 2015 cost-of-living adjustment soon, and it’s expected to be somewhere between 1.6 percent and 1.8 percent.
Plugging the latest available data into the COLA formula results in
a 1.6 percent increase, down from the 1.8 percent August estimate,
based on July statistics. The Consumer Price Index for Urban Wage
Earners and Clerical Workers (CPI-W) fell 0.2 percent in August,
according to statistics the BLS released recently. The CPI-W, which
the annual COLA for retirees is based on, dropped 0.1 percent in
July, after increasing in May and June.
[Source: Kellie Lunney, Defense One, Sept.23, 2014]
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