Fed retiree COLA may shrink in 2024. Here’s why that’s a good thing.
Snippet of Article: "For 2023, the COLA surged to 8.7%, and federal retirees saw the highest inflation increase in their benefits since the early 1980s. Now, inflation rates are slowly leveling out after reaching a four-decade high in 2022, and in response, the COLA is projected to be much more modest. ..."
Source: www.federaltimes.com