Redbugdave
Thinks s/he gets paid by the post
Here is how my Federal COLA is calculated.
For Federal Employees Retirement System (FERS) or FERS Special benefits, if the increase in the CPI is 2 percent or less, the Cost-of-Living Adjustment (COLA) is equal to the CPI increase. If the CPI increase is more than 2 percent but no more than 3 percent, the Cost-of-Living Adjustment is 2 percent. If the CPI increase is more than 3 percent, the adjustment is 1 percent less than the CPI increase. The new amount is rounded down to the next whole dollar.
I guess something is better than nothing.![]()
Only thing...the FERS COLA only begins at age 62. No COLA until then...