Fedweek

The 2022 COLA count for beneficiaries under the Federal Employees Compensation Act has been finalized, with a 7.8 percent COLA to be paid with April payments in that program, following an increase of 0.3 percentage points in December in the inflation index used.

The COLA for FECA beneficiaries uses the same index as the COLA for federal retirement benefits, except that the former program calculates its adjustment on a calendar year basis while the latter is calculated on a fiscal year basis—in both cases with the increase paid three months later.

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The December inflation figure meanwhile brings the count toward the January 2023 federal retirement COLA to 2 percent through three months.

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