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Federal retirees face more than a COLA change in 2027

From Medicare premiums and Social Security earnings limits to a federal pay freeze, several changes could affect retirees’ finances and the benefits available to them next year.

Sources (1)· Oct 15, 7:00 PM

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Government Executive· Oct 15, 7:00 PMFederal retirees face more than a COLA change in 2027

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Gas Prices+Social SecurityCongress has yet to address a looming funding shortfall that could leave the retirement program unable to pay 22 percent of scheduled benefits by 2032.

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The Social Security COLA for 2027 is set. Here's what experts say you need to knowThis year's increase is 3.6%, based on inflation data, amounting to a little more than $900 next year.

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polspphotostwo433244With the midterms rapidly approaching, Trump is sending out billions in taxpayer money to court Medicare-enrolled seniors.

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Cost-of-living adjustments for federal retirees to increase next yearFormer federal workers are set to receive between 2.6% and 3.6% more from their retirement annuity next year, according to new numbers from the Social Security Administration.

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