APWU CSRS AND FERS RETIREES, SOCIAL SECURITY RECIPIENTS, AND FECA EMPLOYEES CELEBRATE 2009 COLA
For CSRS retirees:
(Updated 10/17/08) - The CSRS retiree COLA is based on the increase in the third quarter (July, August, September) average of the CPI-W over the same quarterly average from the previous year. After the final quarter (Q3 of 2008) of the measuring period, the 2009 CSRS retiree COLA will be 5.8% and will be reflected in the January 2009 payment. Note: The 2008 CSRS Retiree COLA was 2.3% effective with the January 2008 payment.
(Updated 10/17/08) - The CSRS retiree COLA is based on the increase in the third quarter (July, August, September) average of the CPI-W over the same quarterly average from the previous year. After the final quarter (Q3 of 2008) of the measuring period, the 2009 CSRS retiree COLA will be 5.8% and will be reflected in the January 2009 payment. Note: The 2008 CSRS Retiree COLA was 2.3% effective with the January 2008 payment.
For FERS retirees:
(Updated 10/17/08) - The FERS retiree COLA is based on the increase in the third quarter average of the CPI-W over the same quarterly average from the previous year. However, if the CPI-W quarterly average increases three percent or more, the COLA is the increase less one percent. If the quarterly average increase is between two percent and three percent, the COLA is two percent. If the quarterly average increase is two percent or less, the COLA is equal to the quarterly average increase. After the final quarter (Q3 of 2008) of the measuring period, the 2009 FERS retiree COLA will be 4.8% and will be reflected in the January 2009 payment. Note: The 2008 FERS Retiree COLA was 2.0% effective with the January 2008 payment.
For Social Security recipients:
(Updated 10/17/08) - The Social Security COLA is based on the increase in the third quarter average of the CPI-W over the same quarterly average from the previous year. After the final quarter (Q3 of 2008) of the measuring period, the 2009 Social Security COLA will be 5.8% and will be reflected in the January 2009 payment. Note: The 2008 Social Security Retiree COLA was 2.3% effective with the January 2008 payment.
For FECA employees:
(Updated 11/19/08) - The percentage increase in the December CPI-W index from year to year determines the FECA COLA increase. After the eleventh month of the measuring period for the 2009 FECA COLA, the index has risen 0.7%. Note: the 2008 FECA COLA was 4.3% effective with the April 2008 payment.
No comments:
Post a Comment