Cost-of-living Adjustments for New Federal Retirees PDF Download
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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 24
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 24
Get Book Here
Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 12
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Book Description
Author: Katelin P. Isaacs
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This report discusses the Cost-of-living adjustments (COLAs) for the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) and government retirees, as well as related legislation.
Author: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Civil Service, Post Office, and General Services
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 144
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Book Description
Author: United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Retirement and Employee Benefits
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 98
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Author:
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 5
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Book Description
Cost-of-living adjustments (COLAs) for the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) are based on the rate of inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). COLAs for both CSRS and FERS are determined by the average monthly CPI-W during the third quarter (July to September) of the current calendar year and the third quarter of the previous year. The "effective date" for COLAs is December, but they first appear in the benefit checks issued during the following January. All CSRS retirees and survivors receive COLAs. Under FERS, however, nondisabled retirees under age 62 do not receive COLAs. Survivors and disabled retirees are eligible for COLAs under FERS regardless of age. CSRS pays a COLA that is equal to the percentage change in the CPI-W during the measurement period, but COLAs under FERS are limited if the rate of inflation is greater than 2.0%. If the rate of inflation during the measurement period is between 2.0% and 3.0%, the COLA under FERS is 2.0%. If inflation is greater than 3.0%, then the COLA for FERS benefits is equal to the CPI-W minus one percentage point. Congress passed the first law requiring automatic COLAs for federal civil service retirement benefits in 1962, and it has adjusted either the formula by which they are calculated or the date on which they take effect more than a dozen times since then. The next COLA for civil service retirees will be effective in December 2008 and will appear in checks issued in January 2009. CSRS retirement benefits will increase by 5.8%. FERS retirement benefits will increase by 4.8%.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Cost-of-living adjustments (COLAs) for the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) are based on the rate of inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). COLAs for both CSRS and FERS are determined by the average monthly CPI-W during the third quarter (July to September) of the current calendar year and the third quarter of the previous year. The "effective date" for COLAs is December, but they first appear in the benefit checks issued during the following January. All CSRS retirees and survivors receive COLAs. Under FERS, however, nondisabled retirees under age 62 do not receive COLAs. Survivors and disabled retirees are eligible for COLAs under FERS regardless of age. CSRS pays a COLA that is equal to the percentage change in the CPI-W during the measurement period, but COLAs under FERS are limited if the rate of inflation is greater than 2.0%. If the rate of inflation during the measurement period is between 2.0% and 3.0%, the COLA under FERS is 2.0%. If inflation is greater than 3.0%, then the COLA for FERS benefits is equal to the CPI-W minus one percentage point. Congress passed the first law requiring automatic COLAs for federal civil service retirement benefits in 1962, and it has adjusted either the formula by which they are calculated or the date on which they take effect more than a dozen times since then. The next COLA for civil service retirees will be effective in December 2005 and will appear in checks issued in January 2006. CSRS retirement benefits will increase by 4.1%. FERS retirement benefits will increase by 3.1%.
Author: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Civil Service, Post Office, and General Services
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 66
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Book Description
Author: United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Compensation and Employee Benefits
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 16
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Book Description
Author:
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages :
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Book Description
