Oct 11, 2012

Your 2013 Federal COLA Increase

"...If you are a retired federal employee and wondering how much your income will go up next year, those in the CSRS federal retirement system who qualify are probably going to end up getting between 1.5 and 1.7%. The final figure will be available October 16th but, without a doubt, the amount will be less than the 3.6% COLA  paid to retirees in January of 2012.

The rate will not be the same for all former federal workers. As is often the case with government benefits, you will probably need to diagram some of the sentences to understand the amount of the increase—even after the October 16th date..."

Read more at FedSmith.com

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