New legislation would improve retiree cost-of-living adjustments

Title: New legislation would improve retiree cost-of-living adjustments

Article Snip: "...Retired federal employees under the Federal Employees Retirement System currently can end up receiving a lower cost-of-living adjustment than retirees under the older Civil Service Retirement System, due to the legislation that created the FERS in 1986. Rep. Gerry Connolly, D-Va., introduced legislation Nov. 20 that would amend Title 5 of U.S. Code to ensure that COLAs for all retirees are equal..."

Reference: www.federaltimes.com
cost-of-living adjustments, Federal Employees Retirement System (FERS),

Social Security COLA update

Title: Proposal Would Cut Raises For Retirees

Article Snip: "...result in lower cost-of-living adjustments (COLAs) for Social Security beneficiaries,” says the report, which adds: “Moving to a chained index should be viewed as a cut in benefits.”..."

Reference: smartmoney.com
cost-of-living adjustment (COLA), chained index,