mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
[FONT=Arial, Helvetica, sans-serif]It seems s bit premature to be refering to the 2010 COLA for military retirees, but I thought that this bit from an email that I received from MOAA was interesting.[/FONT]
[FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif]COLA Nosedive for 2010?[/FONT][/FONT][FONT=Arial, Helvetica, sans-serif]
[FONT=Arial, Helvetica, sans-serif]The 5.8% cost of living adjustment (COLA) retirees will see in their Jan. 2 paychecks will be the largest one since 1982. [/FONT]
[FONT=Arial, Helvetica, sans-serif]But the new fiscal year is a whole different story, as steeply falling prices have started off next year's COLA calculation in a deep hole. This month, the Bureau of Labor Statistics announced that the consumer price index dropped 2.3% in the month of November. [/FONT]
[FONT=Arial, Helvetica, sans-serif]That makes a whopping decline of 3.8% for the first two months of FY2009 - the biggest two-month drop in more than 60 years. [/FONT]
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[/FONT][FONT=Arial, Helvetica, sans-serif]In case you’re wondering: if inflation is negative for the year, there would be no COLA in 2010. Retired pay would not be reduced. [/FONT]
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