The federal retirement COLA in January will be 1.7 percent, determined by a 12-month measuring period that ended with September inflation figures announced today (October 22). All those retired under CSRS get the COLA, while FERS retirees don’t receive a COLA until age 62 unless they took disability retirement or retired from an occupation subject to mandatory retirement, which applies mainly to air traffic controllers, firefighters and most law enforcement officers. Both CSRS and FERS survivor beneficiaries get a COLA regardless of age. FERS COLAs are smaller in certain circumstances that won’t apply for 2015 since the inflation figure fell below 2 percent. COLAs are prorated for those who have not been on the annuity rolls for at least 12 months by the time of the payout.
Fedweek
2015 Retiree COLA to be 1.7 Percent
By: fedweek