Any guesses on next years COLA if any? (pension, social security, states)

[arwenmark]

I haven't heard any rumors yet , wondered if anyone else had.
Also anyone here anything about Medicare Part B ?

[jim9251]

I like that Coke Zero, pretty tasty.


And as far as Social Security I'll wait until January and see like everyone else. My state retirement is 5% a year raise every July 1 which is nice.

[MadManofBethesda]

Originally Posted by arwenmark

I haven't heard any rumors yet , wondered if anyone else had.

There's no need to rely on rumors.

//www.city-data.com/forum/retir...ola-watch.html

[AZgarden]

Originally Posted by jim9251

I like that Coke Zero, pretty tasty.


And as far as Social Security I'll wait until January and see like everyone else. My state retirement is 5% a year raise every July 1 which is nice.

Good grief Jim. I get no increase ever in my state retirement (AZ) and I AM JEALOUS !!! Where does CO get the money? Oh, wait. From the pot.......

[jim9251]

Originally Posted by AZgarden

Good grief Jim. I get no increase ever in my state retirement (AZ) and I AM JEALOUS !!! Where does CO get the money? Oh, wait. From the pot.......

Um I didn't retire FROM Colorado. I retired from Arkansas and moved here. The COLA raises for state retirees every year is in the state constitution, and a balanced budget (imagine that).

[TuborgP]

Originally Posted by AZgarden

Good grief Jim. I get no increase ever in my state retirement (AZ) and I AM JEALOUS !!! Where does CO get the money? Oh, wait. From the pot.......

They get it from the billions in their pension trust fund.

[MadManofBethesda]

Originally Posted by jim9251

Um I didn't retire FROM Colorado. I retired from Arkansas and moved here. The COLA raises for state retirees every year is in the state constitution, and a balanced budget (imagine that).

FWIW, the vast majority of states (>90%) have a constitutional or statutory requirement to have a balanced budget.