"...Federal retirees will receive a cost-of-living adjustment to their annuities of 1.7 percent in January, which translates into an increase of about $50 a month on average for those who retired under the older of the two main federal retirement systems, and about $20 a month on average for those retired under the newer system.
According to the latest Office of Personnel Management data, as of last October 1, there were just under 2 million federal retirees, about three-fourths of them drawing benefits from the Civil Service Retirement System and the rest having retired under the Federal Employees Retirement System...."
