The Eastern New Mexico News - Serving Clovis, Portales and the Surrounding Communities

Oil prices bury retiree allowance

 

September 1, 2009



It was higher oil prices last year that led to the largest annual cost-of-living adjustment (COLA) to federal entitlements since 1982. Good thing, too.

Lowered oil prices since then are almost certain to block any COLA this year for military reti...



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