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  2. 1.3%
    • According to 2 sources
    In 2021, federal retirees can expect a COLA of 1.3%. This is determined by an automatic formula and was announced in October. The federal pay raise, however, is determined by a political process by Congress and the president.
    Many people who receive monthly payments from the Civil Service Retirement System (CSRS) or the Federal Employees Retirement System (FERS) will receive a cost-of-living adjustment (COLA) effective December 1, 2020. The increase is paid in their January 2021 annuity payment. The maximum increase is 1.3% for CSRS.
     
  3. People also ask
    What is the difference between FERS Colas and FERS pay raises?FERS COLAs | Your Federal Employee Benefits Federal Pay Raises Vs. FERS COLAs With the most significant FERS cost of living adjustment (COLA) in over a decade (4.9%) for FERS retirees and only a 2.7% pay raise for active federal employees set for January 2022, many feds are wondering why the large difference?
    Will federal employees get a pay raise in 2021?2020 has been an unusual year, so it is not a surprise that the road to arriving at the 2021 pay raise for federal employees also took some unusual twists and turns. The bottom line, however, is that federal employees will receive a 1% across the board pay raise in 2021. There is no extra amount allocated for locality pay.
    Will federal employees get a pay bump in 2021?Federal employees received a pay bump of 1% in 2021, ordered by Trump. The new pay adjustments proposed by Biden would go into effect on the first day of the first applicable pay period beginning on or after January 1, 2022. Congress can also pass its own federal pay increase into law without Biden’s recommendations.
    How does the CSRS Cola affect the FERS basic employee death benefit?The $15,000 portion of the FERS Basic Employee Death Benefit is adjusted by the CSRS COLA. The CSRS COLA, effective December 1, 2020, increases the Basic Employee Death Benefit for an employee who dies on or after December 1, 2020 and before December 1, 2021, to half of his/her final annual pay (or average pay, if higher), plus $34,991.07.
     
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