FINAL COLA NUMBERS TO COME OUT ON OCTOBER 15 - October 13, 2015
We'll find out Oct. 15 if there's a 2016 COLA
By Kellie Lunney, Government Executive
On Thursday, October 15, the Bureau of Labor Statistics will release the final part of the equation that determines whether or not there will be a cost of living adjustment (COLA) for federal and military retirees. COLAs are determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). COLAs are determined by the average increases in CPI-W in the third quarter of the current year over the average of the third quarter when the last COLA was implemented.