| Home |
Articles | 2010 COLA for Federal Retirees : CSRS / FERS
2010 COLA for Federal Retirees : CSRS / FERS
There will be no 2010 federal retiree cost-of-living adjustment (COLA)
to their CSRS or FERS annuities, the government announced yesterday.
The annual federal retire COLA is based on the Labor Department's Consumer
Price Index for urban wage grade earners from the third quarter of one year to
the same quarter of the next year. This year, consumer goods prices did not
increase, which means there will be no COLA for Social Security and federal
retirees in 2010.
Social Security benefits, which are provided to FERS retirees, will also
remain unchanged in 2010, according to the Social Security Administration.
Guide to Federal Retiree COLAs
What are federal
retiree COLAs, and how are they calculated? To read this guide from My
Federal Retirement columnist Edward Zurndorfer, click here.