|Protect America's Heartbeat|
|Facebook Page Guide|
|NARFE and Congress|
|Testimony Before Congress|
|NARFE Letters to Congress||Issue and Position Papers|
|House and Senate Schedules|
|House Phone Directory|
|Senate Phone Directory|
|Townhall Meeting Schedules|
|Setting the Record Straight|
|113th Legislative Program|
|NARFE Hotline Messages|
|Add Email & Join GEMS|
|NARFE Coalition Partners|
|Legislative Training Conference|
|Contact NARFE's Legislative Department|
Relevant to the cost-of-living-adjustment to civil service annuities for 2015, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) decreased by 0.3 percent in October.
As determined in October, federal retirees will receive a 1.5 percent cost-of-living adjustment (COLA) to their civil service annuities beginning in January 2014, the same increase for Social Security benefits and military retirement annuities.
The new CPI-W figure for October 2013 was 229.735, 0.26 percent lower than the average CPI-W for the third-quarter of 2013, which was 230.327 (1982-84 = 100). The 2013 third-quarter average is the reference figure for determining the 2015 COLA.
Under current law, COLAs for federal retirement annuities, as well as for military retiree annuities and Social Security payments, are determined in reference to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which is calculated by economists and statisticians with the Bureau of Labor Statistics. The CPI-W is the current index used for measuring increases in the prices of consumer goods throughout the economy. It includes prices on all consumer goods, including food and beverages, housing, clothing, transportation, medical care, recreation, education, communication, and more.
NARFE continues to support strong COLAs based on fair assessments of increases in consumer prices to protect the value of federal annuities from inflation. NARFE also opposes a switch to the Chained CPI, which would result in lower COLAs.
Individuals receiving insurance benefits under the Federal Employees Compensation Act (FECA) received a 1.7 percent cost-of-living adjustment to their benefits in March.
Determined by a different statutorily-set methodology, benefits awarded under the Federal Employees Compensation Act (FECA) to individuals suffering work-related injuries or illnesses, are adjusted according to each calendar year’s percentage change in the CPI-W (rather than as measured by the change from the highest previous third quarter average). Thus, because the December 2012 CPI-W figure (225.889) was 1.7 percent higher than the December 2011 CPI-W figure (222.166), FECA benefits increased by 1.7 percent in March.
Looking ahead to the 2014 COLA for FECA benefits, the October 2013 CPI-W figure (229.735) is 1.70 percent higher than the December 2012 CPI-W figure (225.889).
The Consumer Price Index for November 2013 is scheduled to be released on Tuesday, December 17, 2013, at 8:30 a.m. (EDT).
Monthly % Change
% Toward 2015 COLA
NARFE (National Active and Retired Federal Employees Association)
606 N. Washington St., Alexandria, VA 22314, Phone: (703) 838-7760, Fax: (703) 838-7785. © Copyright 2012 NARFE
This is the only website that reflects the official opinions and positions of the National Active and Retired Federal Employees Association (NARFE). Opinions and/or positions that appear on any other site bearing NARFE's name or seal are not necessarily those of NARFE. Click here for Privacy Statement.