Tuesday, November 16, 2021

Inflation alert: Are you on the Titanic or the iceberg?

Inflation alert: Are you on the Titanic or the iceberg?

Article Excerpt: "...The fly in the ointment for FERS employees is their diet-COLA system. Under it, FERS retirees get the same COLA as CSRS retirees UNTIL it exceeds 2%. So for example if a CSRS Social Security COLA is 6%, FERS retirees would get 5%. Imagine the impact on a FERS annuity of a period of extended inflation in which the FERS folks would get less than CSRS retirees during periods of inflation...."



Resource: federalnewsnetwork.com



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