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COLA for FERS Retirees
Aug 16, 2022

After the second quarter of 2022, the third quarter for the 2023 COLA adjustment period, the quarterly average has increased by 7.4%.

HOW THE COLA IS CALCULATED

The 2023 FERS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2022 over the 2021 third quarter average. 

However, if the CPI-W quarterly average increases 3% or more, they subtract 1%. For example, a 5% increase in the quarterly CPI-W average results in a 4% adjustment. If the quarterly average increases from 2% to 3%, benefits increase by 2%. A CPI-W quarterly average increase of 2% or less will increase benefits by the change in the CPI-W quarterly average. 


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Important Links

National APWU
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Denver Metro Area Local APWU
15677 E. 17th Ave.
Aurora, CO 80011
  303-365-1524

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