USPS Issues Extraordinary Measures Memorandum

Posted on October 24, 2020October 24, 2020 by 21cpw

“As we draw closer to the November 3, 2020, general election more information is being provided today to further supplement and reiterate previous guidance. This Memorandum follows those issued on Sept. 21 (Clarifying Operational Instructions), Sept. 25 (Additional Resources), and Oct. 13 (Supplemental Guidance). This series of Memoranda supports the timely and efficient handling of…

2021 FERS Cost Of Living Adjustment will be 1.3%

Posted on October 24, 2020October 24, 2020 by 21cpw

HOW THE COLA IS CALCULATED The 2021 FERS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2020 over the 2019 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…