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Some Federal Government retirees won't get the full 2027 COLA - FedManager.com
Federal Government employees who are retired under the more recent FERS (Federal Employee Retirement System) program will not actually see all of the much-heralded 3.6% Cost of Living Adjustment (COLA) set to become effective with their December Social Security payment. That's due to a quirk in the FERS benefit calculation which takes each retiree's Thrift Savings Plan (TSP) into account, as described in this FedManager.com article. Retirees under the older CSRS (Civil Service Retirement System) program (which was sunset in 1986) will receive all of the announced 3.6% COLA increase; FERS retirees will get 1% less because of the way the FERS program was designed. Legislation to change that anomaly has been stalled in Congress since introduced in early 2025. Click here to read more.
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