Reg Jones is the resident expert on retirement and the federal government at Federal Times. Reg Jones is the resident expert on retirement and the federal government at Federal Times. Reg Jones is the resident expert on retirement and the federal government at Federal Times. Reg Jones is the resident expert on retirement and the federal government at Federal Times. COLAs are intended to help federal retirement dollars keep pace with inflation, not to completely counteract rising costs. The move will directly affect about 65 million Americans receiving Social Security benefits. Coupled with a decline in the Medicare Part B premium, the Social Security COLA will put more money in the hands of the 70 million Americans. By Fatima Hussein
19 months ago Federal Times Expert Reg Jones answers your questions on retirement rules, regulations and government bureaucracy. 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. Federal holidays that fall on weekends generally create an 'in lieu of' holiday the day before or after they occur. Load More