A federal retirement COLA will be paid in January of 2.5 percent for those retired under CSRS and 2 percent for those retired under FERS.
The announcement follows completion of the count toward the adjustment with figures through September in the inflation index used to set the COLA.
Those retired under CSRS or CSRS Offset receive a COLA regardless of their age. However, those retired under FERS don’t receive COLAs until age 62 unless they retired on disability or under the special retirement provisions for law enforcement officers, firefighters or air traffic controllers.
In addition, in situations such as this one in which the count falls between 2 and 3 percent, the payout to those eligible under FERS is a flat 2 percent.
