Cola 2024 Increase Announcement For Retirees

Cola 2024 Increase Announcement For Retirees. Here's when it is and how to prepare. For the year 2024, annuitants who retired under csrs will receive 3.2 percent increase and those who retired under fers will receive a 2.2 percent increase.

To receive the full cola for 2024, a federal retiree’s annuity or a survivor annuity must have started no later than december 31, 2022. Eligible payees (retirees and beneficiaries) of the maryland state retirement and pension system will notice a boost in their monthly allowance beginning in july as the 2024.