FEDweek

2-Percent COLA Set for ’18

Military retirees, their survivors, and recipients of pensions and other compensation through the Department of Veterans Affairs and the Social Security Administration will receive a 2-percent increase in their federal paychecks on Jan. 1. The cost-of-living adjustment (COLA) is based on the Bureau of Labor Statistics’ annual measurement of price changes in a market basket of goods and services.