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Retire COLA
Posted: Sun Dec 13, 2020 6:57 pm
by jsburger
COLA will be 1.3% for US federal retirees. Social Security, VA compensation, Military retirement and Federal Civil Service retirement.
I don't know how much Medicare is going up (if at all) so if you only get Social Security you might not see an increase.
Re: Retire COLA
Posted: Mon Dec 14, 2020 3:39 pm
by rogersk
Thanks, John. There's a chart showing the Part B premium increase based on income levels at cms.gov. I'll paste the link below, but for most persons it looks like the Part B premium is going up about $4 per month.
https://www.cms.gov/newsroom/fact-sheet ... eductibles
Re: Retire COLA
Posted: Mon Dec 14, 2020 3:58 pm
by jsburger
rogersk wrote: Mon Dec 14, 2020 3:39 pm
Thanks, John. There's a chart showing the Part B premium increase based on income levels at cms.gov. I'll paste the link below, but for most persons it looks like the Part B premium is going up about $4 per month.
https://www.cms.gov/newsroom/fact-sheet ... eductibles
Cool, thanks. Looks like everyone will see a small raise then. For me and my wife with my SS, civil service and military retirements and my wife's civil service retirement we will see somewhere between $90 and $100 a month total.