COLA BUMP BY .3% FOR FEDERAL RETIREES IN 2017 - October 19, 2016
Federal Retirees to Receive a 0.3 Percent Cost-of-Living Bump in 2017
By Amelia Gruber, Government Executive
Federal retirees will receive a cost-of-living adjustment of 0.3 percent next year, according to figures released by the Bureau of Labor Statistics on Tuesday.
The small increase is an improvement over this year, when retirees did not receive any boost. But it was disappointing to federal retiree advocates, who noted it does not keep pace with jumps in health care costs.