Opm Cola 2024 Increase Announcement. Individuals receiving insurance benefits under the federal employees compensation act (feca) will receive a 3.3 percent cola in march 2024. It is also less than the 2022.
The figure is the lowest in five years, following increases of 5.9% in 2022, 8.7% in 2023, and 3.2% in 2024. Those retired under csrs or csrs offset.
The Latest Cola Is 3.2 Percent For Social Security Benefits And Ssi Payments.
Last year, the cola was 8.7%โ the highest in more.
The Rate Varies Each Year.
Fers consultants, a leading provider of retirement planning services, is excited to share the recent announcement from the office of personnel management.
That Will Not Happen This Year.
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It Is Also Less Than The 2022.
The figure is the lowest in five years, following increases of 5.9% in 2022, 8.7% in 2023, and 3.2% in 2024.
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.
