Fed groups get in front of COLA calculation debate

Fed groups get in front of COLA calculation debate

 Thursday – 10/10/2013, 5:57am EDT

By Jason Miller

Any discussion of cuts to federal employee, retiree and veterans benefits out of the conversations to reopen the government, increase the debt ceiling or reduce the deficit should stop before they start, according to a variety of groups representing these constituents.

The National Active and Retired Federal Employees Association, the Military Officers Association of America, the American Foreign Service Association and others say White House and Congressional leaders need to come with better options than moving to the chained Consumer Price Index (CPI) formula to determine future cost of living adjustments (COLA).

The White House and congressional leaders have floated the idea of using the chained CPI formula instead of the CPI-W approach, which has been in use since 1996.

The groups representing current and retired federal employees, veterans and others believe this formula would hurt seniors or people with disabilities at a time they can least afford a reduction in payments. Continue reading “Fed groups get in front of COLA calculation debate”