getting beat to death w/o cola

Charlie Brown

Well-known member
Unless, of course, you're a retiree..... js.... they get their COLAs every year like clockwork.... :unsure: 🤷‍♂️🤗
That's a yes and a no. Yes most retirees get a cola, once a year, but not all retirees get one.
If you retire prior to age 62 no COLA until you hit 62.
Also more importantly the COLA isn't always equal to the CPI increase. If the increase is less than 2% then it's matched. But any CPI increase from 2%-3% only gets paid 2% and any CPI increase over 3% gets paid 1% less than the actual CPI increase.
 

Dink Winkerson

Active member
That's a yes and a no. Yes most retirees get a cola, once a year, but not all retirees get one.
If you retire prior to age 62 no COLA until you hit 62.
Also more importantly the COLA isn't always equal to the CPI increase. If the increase is less than 2% then it's matched. But any CPI increase from 2%-3% only gets paid 2% and any CPI increase over 3% gets paid 1% less than the actual CPI increase.
If I'm not mistaken the CPI doesn't take into account the cost of energy, housing, and food.
 
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