The 2015 COLA will be 1.7 Percent October 22, 2014 Federal - TopicsExpress

The 2015 COLA will be 1.7 Percent October 22, 2014 Federal retirees in the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) will receive a 1.7 percent cost-of-living adjustment (COLA) to their civil service annuities beginning in January 2015, the same increase given to Social Security recipients. This number was determined after the September Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was released (234.170) and averaged with the CPI-W for July (234.525) and August (234.030). The 2014 third quarter average is 234.242, or 1.7 percent higher than the average CPI-W for the third quarter of 2013, which was 230.327 (1982-84 = 100). The 2013 third-quarter average was the reference figure for determining the 2015 COLA. The 2014 third quarter average will be the reference figure for determining the 2016 COLA

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