COLA Adjustments Will Slim For Federal Retirees in 2024

The annual announcement that some retired federal workers will receive a 3.2% increase in their annuity payments, while others will get only a 2.2% boost, has revived calls to standardize annual adjustments across retirement systems.

After two consecutive years of record increases, the annual cost-of-living adjustment for federal retirees will start to come back to earth in 2024, as federal employee groups revive their effort to end the two-tiered system for calculating the annual annuity increase. Click HERE to learn more.