{"id":22624,"date":"2022-06-16T13:58:10","date_gmt":"2022-06-16T13:58:10","guid":{"rendered":"https:\/\/one.sightlinemg.com\/federaltimes\/uncategorized\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/"},"modified":"2026-08-08T04:59:18","modified_gmt":"2026-08-08T04:59:18","slug":"for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/","title":{"rendered":"For federal retirees, COLA is not a retirement panacea for inflation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">When it comes to cost-of-living adjustments, not all government retirees are treated equal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Anyone who is retired from federal service will eventually get <a href=\"https:\/\/www.cbp.gov\/employee-resources\/benefits\/retirement\/cola?language_content_entity=en\" target=\"_blank\">COLAs,<\/a> but how soon depends on which retirement system you fall into. And not everyone always gets the same amount.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Experts predict bigger a<a href=\"https:\/\/www.cbsnews.com\/news\/social-security-increase-cola-2023-8-percent-inflation\/\" target=\"_blank\"> cost-of-living adjustment<\/a><a href=\"https:\/\/www.cbsnews.com\/news\/social-security-increase-cola-2023-8-percent-inflation\/\" target=\"_blank\"> <\/a>as inflation surges to a 40-year high, according to data from the U.S. Department of Labor. Meanwhile, <a href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2021\/05\/ap_5_strengthening_fy22.pdf\" target=\"_blank\">about a third<\/a> of federal workers are over the age of 55. As this group nears retirement,<a href=\"http:\/\/55.one\/\" target=\"_blank\"> <\/a>one way the government mitigates steepening prices is by offering COLAs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWhen you retire, the pension that you get is set,\u201d said Chris Kowalik, a retirement expert for <a href=\"https:\/\/nam04.safelinks.protection.outlook.com\/?url=http%3A%2F%2Ffedimpact.com%2F&#038;data=05%7C01%7Cmolly.weisner%40federaltimes.com%7C261d2dd5abfa455051fe08da4d46463c%7C1d5c96e57ee2446dbed8d0f8c50edea5%7C1%7C0%7C637907261481901266%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&#038;sdata=3cMNBb9pArGArkcW81cTp%2BVkUe59EC5KQMXUxyQyu%2F8%3D&#038;reserved=0\">FedImpact.com<\/a> and the founder of ProFeds, a contractor providing retirement training to federal employees nationwide. \u201cFrom that point, your pension only goes up if the cost of living is getting more expensive.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">COLAs are intended to help federal retirement dollars keep pace with inflation, not to completely counteract rising costs. When it comes to financial planning for federal workers, COLAs are just one piece of the retirement puzzle, Kowalik said in an interview.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Who gets COLA benefits?<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">COLAs are a benefit for retired workers, not a raise for employees, although pay bumps for government employees might determine those for the military next year, the <a href=\"https:\/\/www.militarytimes.com\/2022\/06\/15\/federal-worker-wages-could-cap-military-pay-raise-next-year\/\" target=\"_blank\">Military Times reported <\/a>this week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">COLAs for military are the same only in acronym. Service members may be eligible for a cost-of-living allowance to compensate for prices based on where they live.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For workers, the federal government offers two retirement systems. In the Civil Service Retirement System, the older of the two, seniors get COLA immediately at retirement. Less than 5% of the current federal workforce is under this system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the Federal Employees Retirement System, COLA eligibility begins at age 62, with exceptions for special provision employees, such as law enforcement, firefighters or air traffic controllers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That means even if you\u2019re eligible to retire from FERS at 57, your pension will stay level for five years until COLA kicks in. There is no reimbursement for value lost in that five-year period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There\u2019s also another difference between the systems: all FERS retirees get what Kowalik calls \u201cdiet COLA.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When the CPI-W or cost-of-living adjustment is really high \u2014 3% or higher \u2014 Social Security and CSRS retirees get the CPI-W.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FERS retirees get a reduced rate \u2014 minus 1%. So the 2022 COLA is 5.9% for CSRS and 4.9% for FERS.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAlready, FERS retirees can expect to be behind inflation,\u201d Kowalik said.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Calculating COLA: What it does and doesn\u2019t consider<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">The 2022 COLA was the highest <a href=\"https:\/\/www.ssa.gov\/oact\/cola\/colaseries.html\" target=\"_blank\">since 1982<\/a> and <a href=\"https:\/\/www.cnbc.com\/2022\/06\/06\/social-security-cost-of-living-adjustment-in-2023-may-be-a-record-high.html\" target=\"_blank\">experts estimate <\/a>that the next adjustment may be even higher.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThat is not a good thing when we\u2019re seeing those numbers so high,\u201d Kowalik said, adding that some retirees don\u2019t have complete information about how COLA is calculated and plan around it without considering how it impacts other benefits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">COLAs are legally based on increases in the <a href=\"https:\/\/www.investopedia.com\/terms\/c\/cpi-w.asp\">Consumer Price Index for Urban Wage Earners and Clerical Workers<\/a>, which is a variation of the the <a href=\"https:\/\/www.investopedia.com\/terms\/c\/consumerpriceindex.asp#ixzz5V28O2AIS\">Consumer Price Index<\/a> from the Bureau of Labor Statistics. If there are no increases, then there will be no adjustments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Costs of certain consumer items in a \u201cbasket of goods\u201d determine the CPI-W, which is a measure of the average change over time in prices. Some goods are weighed more heavily than others in this equation, like food, housing and transportation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe reality is that CPI-W number that is released by the BLS doesn\u2019t include everything we spend our money on,\u201d Kowalik said in an interview.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As cost-of-living is relative to the economy, so too are benefits relative to expenses for retirees. A <a href=\"https:\/\/www.napa-net.org\/news-info\/daily-news\/latest-2023-social-security-cola-estimates-nearing-double-digits\" target=\"_blank\">study<\/a> from <a href=\"https:\/\/seniorsleague.org\/\" target=\"_blank\">The Senior Citizens League <\/a>found that since 2000, COLAs have increased Social Security benefits by a total of 64%, yet typical senior expenses through March 2022 more than doubled, at 130%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe biggest factor that disadvantages the elderly (with respect to the CPI-W calculation) is that medical care makes up a smaller portion of the overall figure,\u201d Kowalik said in an email. \u201cSince they spend a much larger percentage of their income on Medicare care, this isn\u2019t taken into account as heavily for them.\u201d<\/p>\n\n\n\n=<a href=\"https:\/\/www.pewresearch.org\/fact-tank\/2022\/01\/24\/as-inflation-soars-a-look-at-whats-inside-the-consumer-price-index\/ft_22-01-14_insidecpi_1\/\"><img decoding=\"async\" src=\"https:\/\/www.pewresearch.org\/wp-content\/uploads\/2022\/01\/FT_22.01.14_InsideCPI_1.png?w=640\"><\/a>\n\n\n\n<p class=\"wp-block-paragraph\">On June 9, legislators introduced the <a href=\"https:\/\/defazio.house.gov\/media-center\/press-releases\/defazio-sanders-introduce-legislation-to-expand-and-strengthen-social\" target=\"_blank\">Social Security Expansion Act,<\/a> which would incorporate the Consumer Price Index for the Elderly in COLA calculations. The act also wants to raise monthly Social Security benefits by $200.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">What feds can do to fortify retirement against inflation<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">When COLAs fail keep up with costs all the way, seniors may dip into other accounts, like the <a href=\"https:\/\/fedimpact.com\/summer-fun-tsp\/\" target=\"_blank\">Thrift Savings Plan, <\/a>and deplete them. It\u2019s why Kowalik calls inflation \u201cone of the two carbon monoxides of retirement planning\u201d because of the way it can silently kill retirement plans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis bucket of money in the TSP that was supposed to be there for a person\u2019s entire life, to have enough money there to supplement their pension and Social Security to live the retirement they wanted, gets eaten away little by little,\u201d Kowalik said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Having a diversified retirement plan that includes a retiree\u2019s whole financial picture, and understanding that COLA plays a small part in it, is crucial, Kowalik said. This might include other <a href=\"https:\/\/www.myfederalretirement.com\/retirement-action\/\" target=\"_blank\">considerations<\/a> like estate planning, combining private and public sector benefits and designating an emergency fund.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For those anticipating receiving a COLA for 2023, the final rate will be announced in October and will become effective on Dec. 1. Adjustments appear in January checks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For January 2022, COLA jumped to 5.9%, the largest since 1982. Some may be wondering how much it will be adjusted for 2023 as prices have been rising since April.<\/p>\n","protected":false},"author":7,"featured_media":68049,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-post-featured-layout","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[11,31,15,33,69],"tags":[],"coauthors":[3269],"class_list":["post-22624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fedlife","category-home","category-management","category-newsletters","category-pay-benefits"],"acf":{"subheadline":"","legacy_arc_id":"DR2HINKDV5DEFDLWA2YGI6RAPE","arc_canonical_url":"\/management\/pay-benefits\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"featured-layout","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>For federal retirees, COLA is not a retirement panacea for inflation - Federal Times<\/title>\n<meta name=\"description\" content=\"For January 2022, COLA jumped to 5.9%, the largest since 1982. Some may be wondering how much it will be adjusted for 2023 as prices have been rising since April.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"For federal retirees, COLA is not a retirement panacea for inflation\" \/>\n<meta property=\"og:description\" content=\"For January 2022, COLA jumped to 5.9%, the largest since 1982. Some may be wondering how much it will be adjusted for 2023 as prices have been rising since April.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/\" \/>\n<meta property=\"og:site_name\" content=\"Federal Times\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-16T13:58:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-08T04:59:18+00:00\" \/>\n<meta name=\"author\" content=\"Molly Weisner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Molly Weisner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"Article\",\n\t            \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"migration\",\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/#\\\/schema\\\/person\\\/cc76c831bb37a926738c8391fca7a3b1\"\n\t            },\n\t            \"headline\": \"For federal retirees, COLA is not a retirement panacea for inflation\",\n\t            \"datePublished\": \"2022-06-16T13:58:10+00:00\",\n\t            \"dateModified\": \"2026-08-08T04:59:18+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/\"\n\t            },\n\t            \"wordCount\": 907,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/one.sightlinemg.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/6187435.jpg.jpg\",\n\t            \"articleSection\": [\n\t                \"FedLife\",\n\t                \"Home\",\n\t                \"Inside the Agencies\",\n\t                \"Newsletters\",\n\t                \"Pay &amp; Benefits\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/\",\n\t            \"url\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/\",\n\t            \"name\": \"For federal retirees, COLA is not a retirement panacea for inflation - Federal Times\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/one.sightlinemg.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/6187435.jpg.jpg\",\n\t            \"datePublished\": \"2022-06-16T13:58:10+00:00\",\n\t            \"dateModified\": \"2026-08-08T04:59:18+00:00\",\n\t            \"description\": \"For January 2022, COLA jumped to 5.9%, the largest since 1982. Some may be wondering how much it will be adjusted for 2023 as prices have been rising since April.\",\n\t            \"breadcrumb\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/#breadcrumb\"\n\t            },\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/one.sightlinemg.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/6187435.jpg.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/one.sightlinemg.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/6187435.jpg.jpg\"\n\t        },\n\t        {\n\t            \"@type\": \"BreadcrumbList\",\n\t            \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/fedlife\\\/2022\\\/06\\\/16\\\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\\\/#breadcrumb\",\n\t            \"itemListElement\": [\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 1,\n\t                    \"name\": \"Home\",\n\t                    \"item\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/\",\n\t                    \"ad_zone\": \"home\"\n\t                },\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 2,\n\t                    \"name\": \"Inside the Agencies\",\n\t                    \"item\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/management\\\/\",\n\t                    \"ad_zone\": \"management\"\n\t                },\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 3,\n\t                    \"name\": \"Pay &amp; Benefits\",\n\t                    \"item\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/management\\\/pay-benefits\\\/\",\n\t                    \"ad_zone\": \"pay-benefits\"\n\t                },\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 4,\n\t                    \"name\": \"For federal retirees, COLA is not a retirement panacea for inflation\"\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/\",\n\t            \"name\": \"Federal Times\",\n\t            \"description\": \"Federal Times\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/#organization\",\n\t            \"name\": \"Federal Times\",\n\t            \"url\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/one.sightlinemg.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/federal-logo-white.png\",\n\t                \"contentUrl\": \"https:\\\/\\\/one.sightlinemg.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/federal-logo-white.png\",\n\t                \"caption\": \"Federal Times\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            }\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/#\\\/schema\\\/person\\\/cc76c831bb37a926738c8391fca7a3b1\",\n\t            \"name\": \"migration\",\n\t            \"image\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9e8d47be443ce94ce7fc357677b5f9c70235bb1f59e7267a102a74af58c04f59?s=96&d=mm&r=gcf4cb6ee0ec29e49e7a963234e4340ec\",\n\t                \"url\": \"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9e8d47be443ce94ce7fc357677b5f9c70235bb1f59e7267a102a74af58c04f59?s=96&d=mm&r=g\",\n\t                \"contentUrl\": \"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9e8d47be443ce94ce7fc357677b5f9c70235bb1f59e7267a102a74af58c04f59?s=96&d=mm&r=g\",\n\t                \"caption\": \"migration\"\n\t            },\n\t            \"url\": \"https:\\\/\\\/one.sightlinemg.com\\\/federaltimes\\\/author\\\/migration\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"For federal retirees, COLA is not a retirement panacea for inflation - Federal Times","description":"For January 2022, COLA jumped to 5.9%, the largest since 1982. Some may be wondering how much it will be adjusted for 2023 as prices have been rising since April.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"For federal retirees, COLA is not a retirement panacea for inflation","og_description":"For January 2022, COLA jumped to 5.9%, the largest since 1982. Some may be wondering how much it will be adjusted for 2023 as prices have been rising since April.","og_url":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/","og_site_name":"Federal Times","article_published_time":"2022-06-16T13:58:10+00:00","article_modified_time":"2026-08-08T04:59:18+00:00","author":"Molly Weisner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Molly Weisner","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/#article","isPartOf":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/"},"author":{"name":"migration","@id":"https:\/\/one.sightlinemg.com\/federaltimes\/#\/schema\/person\/cc76c831bb37a926738c8391fca7a3b1"},"headline":"For federal retirees, COLA is not a retirement panacea for inflation","datePublished":"2022-06-16T13:58:10+00:00","dateModified":"2026-08-08T04:59:18+00:00","mainEntityOfPage":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/"},"wordCount":907,"commentCount":0,"publisher":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/#organization"},"image":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/#primaryimage"},"thumbnailUrl":"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/6187435.jpg.jpg","articleSection":["FedLife","Home","Inside the Agencies","Newsletters","Pay &amp; Benefits"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/","url":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/","name":"For federal retirees, COLA is not a retirement panacea for inflation - Federal Times","isPartOf":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/#website"},"primaryImageOfPage":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/#primaryimage"},"image":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/#primaryimage"},"thumbnailUrl":"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/6187435.jpg.jpg","datePublished":"2022-06-16T13:58:10+00:00","dateModified":"2026-08-08T04:59:18+00:00","description":"For January 2022, COLA jumped to 5.9%, the largest since 1982. Some may be wondering how much it will be adjusted for 2023 as prices have been rising since April.","breadcrumb":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/#primaryimage","url":"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/6187435.jpg.jpg","contentUrl":"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/6187435.jpg.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/one.sightlinemg.com\/federaltimes\/fedlife\/2022\/06\/16\/for-federal-retirees-cola-is-not-a-retirement-panacea-for-inflation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/one.sightlinemg.com\/federaltimes\/","ad_zone":"home"},{"@type":"ListItem","position":2,"name":"Inside the Agencies","item":"https:\/\/one.sightlinemg.com\/federaltimes\/management\/","ad_zone":"management"},{"@type":"ListItem","position":3,"name":"Pay &amp; Benefits","item":"https:\/\/one.sightlinemg.com\/federaltimes\/management\/pay-benefits\/","ad_zone":"pay-benefits"},{"@type":"ListItem","position":4,"name":"For federal retirees, COLA is not a retirement panacea for inflation"}]},{"@type":"WebSite","@id":"https:\/\/one.sightlinemg.com\/federaltimes\/#website","url":"https:\/\/one.sightlinemg.com\/federaltimes\/","name":"Federal Times","description":"Federal Times","publisher":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/one.sightlinemg.com\/federaltimes\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/one.sightlinemg.com\/federaltimes\/#organization","name":"Federal Times","url":"https:\/\/one.sightlinemg.com\/federaltimes\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/one.sightlinemg.com\/federaltimes\/#\/schema\/logo\/image\/","url":"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/06\/federal-logo-white.png","contentUrl":"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/06\/federal-logo-white.png","caption":"Federal Times"},"image":{"@id":"https:\/\/one.sightlinemg.com\/federaltimes\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/one.sightlinemg.com\/federaltimes\/#\/schema\/person\/cc76c831bb37a926738c8391fca7a3b1","name":"migration","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9e8d47be443ce94ce7fc357677b5f9c70235bb1f59e7267a102a74af58c04f59?s=96&d=mm&r=gcf4cb6ee0ec29e49e7a963234e4340ec","url":"https:\/\/secure.gravatar.com\/avatar\/9e8d47be443ce94ce7fc357677b5f9c70235bb1f59e7267a102a74af58c04f59?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9e8d47be443ce94ce7fc357677b5f9c70235bb1f59e7267a102a74af58c04f59?s=96&d=mm&r=g","caption":"migration"},"url":"https:\/\/one.sightlinemg.com\/federaltimes\/author\/migration\/"}]}},"jetpack_sharing_enabled":true,"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Federal Times","distributor_original_site_url":"https:\/\/one.sightlinemg.com\/federaltimes","push-errors":false,"jetpack_featured_media_url":"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/6187435.jpg.jpg","_links":{"self":[{"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/posts\/22624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/comments?post=22624"}],"version-history":[{"count":1,"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/posts\/22624\/revisions"}],"predecessor-version":[{"id":22632,"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/posts\/22624\/revisions\/22632"}],"wp:attachment":[{"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/media?parent=22624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/categories?post=22624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/tags?post=22624"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/one.sightlinemg.com\/federaltimes\/wp-json\/wp\/v2\/coauthors?post=22624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}