"...The cost-of-living adjustment in government benefits for next year is likely to be 1.5 percent, according to an August 8 estimate from the Congressional Budget Office.
This would be smaller than the 1.7 percent COLA received this year.
The COLA becomes effective Dec. 1 and first shows up in January paychecks...
Under federal law, annual COLAs are automatic for military and federal civilian retirees and Social Security beneficiaries, with the increase linked to the Consumer Price Index, a measure of the cost of goods and services."
Read more at the Navy Times
