2015 COLA ON TRACK TO BE BIGGEST IN YEARS - June 19, 2014
Official COLA increase announced in October
By Kellie Lunney, Government Executive
Current projections point to the largest cost of living adjustment (COLA) in years for federal and military retirees in 2015. While it will not be official until October, the COLA is on track to be higher than 1.7 percent. In recent years, federal retirees saw COLA increases of 1.5 percent in 2014 and 1.7 percent in 2013.