Letter: Concerned about COLA cuts
September 5, 2017
As a federal retiree who has served our country for years, I am deeply concerned with a provision in the president's budget which would eliminate cost-of-living adjustments (COLAs) for current and future federal retirees. I ask that my representative and senators oppose any proposals that would reduce COLAs for federal retirees.
The annual COLA provides protections against inflation, but even the current calculation is inadequate because it understates the impact of health care spending, yielding lower annual COLAs. Reducing or eliminating my COLA further threatens my health and financial security.
This proposal would diminish the value of my hard-earned annuity by allowing inflation to erode the benefit over the course of my retirement. With the cost of goods and medical care on the rise, I will not sit back and allow this attack to gain a foothold.
Trending In: Opinion
- Letter: On SnowGlobe — enough is enough (opinion)
- Ted Gaines: ‘Police dog protection act’ good for public safety (opinion)
- Guest column: Sunshine Week — open government a right, not a political platform (opinion)
- Letter: ‘Thank you for keeping me updated’
- Letter: South Lake Tahoe City Council should initiate compromise on VHR issue (opinion)
- Lake Tahoe weather: 3 feet of snow at some ski resorts; another 1-3 feet of snow possible
- UPDATE: Traffic on US 50 moving once again
- UPDATE: Crystal Bay, Third Creek avalanche alert upgraded to stage 2
- Bagel shop opens inside Blue Angel Café in South Lake Tahoe
- Lake Tahoe ski resorts report over 4 feet of snow in 48 hours