1.2% COLA in 2021 for Federal Retirees and Social Security?

Article Excerpt: "...We still do not know what the final figure will be that is necessary for calculating the COLA to become effective in December and paid in January 2021. A reasonable estimate is that the COLA that will impact federal retirees and Social Security recipients will be about 1.2%. This missing part of the puzzle for next year’s COLA will be released in October..."

Resource: www.fedsmith.com