Most Retirees Getting a 0.3 Percent COLA

Federal retirement benefits are increasing with the January payments by 0.3 percent for CSRS retirees and for FERS retirees eligible for a COLA (FERS annuities are not increased for those under age 62 except for disability retirees, survivor beneficiaries and those under mandatory retirement systems). The same COLA also applies to Social Security, military retirement, and survivor benefits.