Lower COLA Formula Ignores Soaring Health Care

The Obama administration and lawmakers from both political parties are warming up to a lower cost-of-living adjustment formula for retirees' annuity. Lawmakers are now in budget talks as the government nears the Aug. 2 deadline to increase the debt limit. Dan Adcock of NARFE says the inflation index does not take into consideration the rising costs of health care for retirees.  

Read Full Story