2024 COLA Released: How Does It Work?

The 2024 COLA has been announced. How does the COLA calculation process work and which federal retirees can expect to see the increase in their monthly annuity payments? If a federal employee retirees in 2023, will he get the benefit of the COLA in 2024?

Be sure to also check out this related article with more information: https://www.fedsmith.com/2023/10/12/2024-cola-finalized/

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