Press Release Monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 64 million Americans will increase 1.7 percent in 2015, the Social Security Administration announced today. The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits that more than 58 million Social Security beneficiaries receive in January 2015. Increased payments to more than…
For CSRS retirees: (08/19/14) The 2015 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index in 2014 over the 2013 third quarter average. After the second quarter of 2014, the third quarter of the 2015 COLA adjustment period, the quarterly index has risen by 1.7%. For FERS retirees: (08/19/14)…
For CSRS retirees: (05/21/14) The 2015 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index in 2014 over the 2013 third quarter average. After the first quarter of 2014, the first quarter of the 2015 COLA adjustment period, the quarterly index has risen by 0.4%. For FERS retirees: (05/21/14)…
What is the Special Retirement Supplement (SRS) and why is it important for FERS employees? A full career FERS employee with 30 or more years of Service can retire at their minimum retirement age (MRA) which is between the ages of 55 and 57, depending on the year in which the employee was born. FERS…
In 1985, I began a new position at FBI headquarters in Washington as a retirement counselor. This position laid the groundwork and provided the training for my future career as a retirement specialist that I continue today. My official title was Employee Relations Specialist-Employee Benefits, and my duties included communicating laws, policies and regulations regarding…
