Federal Retirees to Receive a 0.3 Percent Cost-of-Living Bump in 2017
According to figures released by the Bureau of Labor Statistics on October 18, federal retirees will receive a cost-of-living adjustment of 0.3 percent next year.
“Prices for many items that seniors must purchase are rising faster than the overall inflation rate,” said AFGE National President J. David Cox Sr. “Forcing this group of retirees to shoulder such a huge cost burden will have a devastating impact on their already modest living standards.”
The 2017 COLA applies to all retirees receiving Social Security benefits, not just federal retirees. It will take effect starting with December 2016 benefits.
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