News & information

2015 retiree cost-of-living adjustment (COLA)

The 2015 COLAs for CSRS and FERS benefits are based on the increase in the average CPI-W between the 3rd quarter of 2013 (230.327) and the 3rd quarter of 2014. The 3rd quarter of 2014 average CPI-W was calculated today at 234.242, so the 2015 retiree COLAs will be 1.7%. CSRS annuities receive full COLAs; COLAs for FERS annuities are payable for retirees 62 and older and may be reduced by up to one percentage point from the increase in the CPI. The COLAs will be included in CSRS and FERS payments starting in January 2015.