Learn more about cost-of-living adjustments (COLA) (2024)

FAQs and answers about cost-of-living adjustments (COLA) for federal annuitants (retirees, their survivors, or their spouses, ex-spouses, and children).

Questions and answers

Yes. We make cost-of-living adjustments each year to the amount we pay to annuitants.

Most retirees are eligible for COLA starting at the age of 62 under one of these federal retirement programs:

  • Federal Employees Retirement System (FERS)
  • FERS Special
  • Civil Service Retirement System (CSRS)
  • Organization and Disability Retirement System (ORDS)

Certain retirees, like disability, survivor, and other special provisions, have different COLA entitlement rules.

For the year 2024, annuitants who retired under CSRS will receive 3.2 percent increase and those who retired under FERS will receive a 2.2 percent increase. The rate varies each year.

If a COLA is payable, we make the change in December of each year. You'll receive the adjusted payment in January, the following month.

Yes, children, students up to age 22, and survivors are eligible for the cost of living increase.

Yes, but you'll receive a prorated amount. We'll send you a letter explaining your increase. FERS annuitants under age 62 are not eligible for COLA increases unless certain conditions are met.

Learn more about prorated COLA rates

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A claim number is required to make a help submission.

If you are an annuitant, you can find your CSA or CSF claim number on your 1099-R, your annual COLA notice or your Benefits Booklet.

If you are unable to locate your CSA or CSF claim number, or you are not a retiree, former spouse of a retiree or a survivor of a retiree, or you are inquiring about the status of a refund application, please contact us on

1-888-767-6738 and one of our representatives will be able to assist you.

Report a Death

To report a death of a Retired Federal Employee or Current Federal Employee, please click the link below that applies:

Submit your information below and one of our Customer Service Specialists will begin working on your request. All fields are required. We usually respond within 3 to 5 business days.

Please be advised that the information submitted must be entered by the annuitant or on behalf of the annuitant by the Representative Payee.

Learn more about cost-of-living adjustments (COLA) (2024)

FAQs

What is the cost-of-living adjustments COLA? ›

2022 calendar year COLA factor will be 2.00%. Calculate the COLA amount by multiplying the 2023 calendar year COLA factor to the base allowance. The 2023 calendar year payable COLA amount is $20.00. The new allowance is $1,020.00.

What is COLA price adjustment? ›

COLAs are increases in compensation intended to help employees maintain the value of their compensation against inflation. These increases are not viewed as merit increases resulting from good job performance but should be considered a way to help employees maintain their earning power.

What is the standard COLA adjustment? ›

A cost-of-living adjustment (COLA) is an increase in Social Security benefits to counteract inflation. Inflation is measured using the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Automatic yearly COLAs began in 1975. The COLA for 2023 was 8.7% and for 2024 it is 3.2%.

What is the COLA increase for 2024 for federal retirees? ›

What is the amount of the cost-of-living adjustment? For the year 2024, annuitants who retired under CSRS will receive 3.2 percent increase and those who retired under FERS will receive a 2.2 percent increase. The rate varies each year.

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