2014 retiree COLAs—1.5% for FERS & CSRS: The cost-of-living adjustments (COLAs) for both Civil Service Retirement System (CSRS) and Federal Employee Retirement System (FERS) benefits will be 1.5 percent in 2014, based on the Oct. 30 release of the Consumer Price Index (CPI) for September. Although the release of the September CPI was delayed by the 16-day federal government shut-down, the COLA will take effect on time and will be included in January 2014 annuity payments. The 2014 COLA is based on the increase in the average CPI between the 3rd quarter of 2012 and the 3rd quarter of 2013. Since the CPI did not increase by more than 2 percent, COLAs for both CSRS and FERS benefits will be the same in 2014
Posted on: Fri, 01 Nov 2013 16:21:26 +0000
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