News & information

2014 retiree COLAs— 1.5% hike for FERS and CSRS benefits

The cost-of-living adjustments (COLAs) for CSRS and FERS benefits will be 1.5 percent in 2014, as triggered by the release of the Consumer Price Index (CPI) for September.

The release of the September CPI was delayed by the 16-day federal government shut-down, but the COLA will take effect on time and will be included in January 2014 annuity checks.

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.