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Thursday, July 14, 2011

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.  

1 comment:

Anonymous said...

What do you say now Unions? Supporting the Worker are you?