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The 2022 COLA was 5.9%, and the 2023 COLA was an astronomical 8.7% thanks to stubborn inflation. Since then, the reintroduction of this bill has been a strong initiative by these two legislators.
The Social Security Administration has released the schedule of Social Security payments for 2022. These payments will be the first to include the new 5.9% cost-of-living adjustment (COLA ...
The second round of Social Security checks reflecting the new 5.9% cost of living adjustment went out this month, and recipients are now waiting on the third, coming in March. The COLA increase ...
CSRS and CSRS Offset employees with a break in service more than three days are also eligible to elect coverage under FERS within the first six months of rehire. Employees who were previously covered under CSRS and do not meet the 5 year retirement coverage rule are automatically covered under the FERS upon rehire.
Source: Social Security Administration. Since 2014, the average COLA has landed at 2.6%. In some ways, it's a good thing that these adjustments are much lower than they were decades ago.
The NARFE National office is located in Alexandria, Virginia.NARFE is governed by the 12-member National Executive Board (NEB) which includes the National President, National Secretary-Treasurer, and ten regional vice presidents [6] (RVPs) who communicate their regions' concerns to the NEB and NEB decisions back to their state federations.
The Social Security Administration has released the schedule of Social Security payments for 2022. These payments will be the first to include the new 5.9% cost-of-living adjustment (COLA). Social...
When the CSRS COLA rises more than 3% — as it will in 2024 — then FERS retirees receive 1% less than the full 2024 COLA. This means FERS retirees will get a 2.2% COLA next year.