Visitors to MOAA's COLA Watch, one of the most-viewed pages at MOAA.org, have seen a skyrocketing graph the last few months. It points to the potential for a large cost-of-living adjustment in future retiree pay, but it also presents an unwelcome opportunity for the erosion of your earned benefits.
First, the graph: The May monthly figure for the Consumer Price Index for
If that number continues its upward climb to the end of the fiscal year, it could join 2008 (5.8%) and easily surpass 2005 (4.1%) as the largest increases since 1990. And it would mean a significant boost to retiree pay and other benefits indexed to the CPI-W (
MOAA has fought an ongoing battle to prevent
Why? Any changes this year could be masked by the increase itself. If the CPI-W dictates a 5% increase, for example,
It falls to MOAA and other veterans advocacy groups to remind
MOAA continues its work on the Hill to drive this point home with lawmakers and their staffs. In addition to monthly updates at MOAA.org/colawatch, visit