The inflation index used to set the January 2010 federal retiree COLA dropped by 0.2 percentage points in July, sending the COLA count deeper into negative territory after six months in which it had climbed upward from the steep drop at the onset of the counting period. The count now stands at -2.3 percent and it appears unlikely that a COLA will be paid; benefits won’t be reduced, however.
Fedweek
COLA Count Sinks Deeper
By: fedweek
