After the second quarter of 2022, the third quarter for the 2023 COLA adjustment period, the quarterly average has increased by 7.4%.

How the COLA is Calculated

The 2023 FERS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2022 over the 2021 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 in a 4% adjustment. If the quarterly average increases from 2% to 3%, benefits increase by 2%. A CPI-W quarterly average increase of 2% or less will increase benefits by the change in the CPI-W quarterly average. 

Past FERS COLA Adjustments

Year COLA
2022 4.9%
2021 1.3%
2020 1.6%
2019 2.0%
2018 2.0%
2017 0.3%
2016 0.0%
2015 1.7%
2014 1.5%
2013 1.7%
2012 2.6%
2011 0.0%
2010 0.0%
2009 4.8%
2008 2.0%
2007 2.3%
2006 3.1%
2005 2.0%
2004 2.0%
2003 1.4%
2002 2.0%
2001 2.5%
2000 2.0%
1999 1.3%
1998 2.0%
1997 2.0%
1996 2.0%
1995 2.0%