Unusual COLA situation

[mickeyd]

I received the following from MOAA email :

Last month we said that based on past years' experience, the COLA could be in the 2.3% to 2.5% range for 2008. With continued deflation in August we'll have to modify our prediction. This is the only year during the last three decades that inflation decreased in both July and August. September may bring an increase, but expect a COLA in the 2.0% to 2.3% realm for 2008.

 

[haha]

I imagine the treasury is laughing up their sleeves. Meanwhile, the rest of us pay more every day to live.

Ha

 

[Nords]

I received the following from MOAA email :

Retiree COLAs have beat the military's pay raises at least twice in the last five years. I suppose it's time to let them make up the lost ground...

 

[JDARNELL]

Retiree COLAs have beat the military's pay raises at least twice in the last five years. I suppose it's time to let them make up the lost ground...

I appreciate that

Tomcat98