Hilary & Nelda Fetzko: COLAs protect against inflation | TheUnion.com
YOUR AD HERE »

Hilary & Nelda Fetzko: COLAs protect against inflation

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.

Hilary and Nelda Fetzko

Lincoln


Support Local Journalism


Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

For tax deductible donations, click here.
 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User