Today, the Department of Labor announced cost-of-living-adjustment (COLA) information for federal benefits in 2019. CSRS annuitants will receive a 2.8 percent monthly increase starting with January 2019 benefit payments, while FERS retirees will see their monthly pensions adjusted by 2 percent. All Social Security beneficiaries will see their monthly benefits rise by 2.8 percent in January. Under current law, annual increases for FERS annuitants do not equal the full increase once the amount of the COLA is greater than 2 percent. Continue reading “2019 Cost-of-Living Adjustment Information for Federal Retirees”
Today, the 2019 cost-of-living adjustment information for federal retirees was announced.