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Based on the release of the September 2016 Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), the 2017 cost-of-living adjustments (COLAs) for Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS) benefits will be 0.3 percent.
The COLAs become effective in January 2017.
The 2017 COLAs for CSRS and FERS benefits are based on the increase in the average CPI-W between the third quarter of 2014 and the third quarter of 2016.
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.
Note: Since there was no adjusment when the final COLA calculation was made in 2015, the base quarter remained the third quarter of 2014.