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Wahington Post - Inflation Mutes Joy Over Retiree Benefit Increase

You might think that federal retirees would feel pretty good about the news that their annual annuities will jump next year between 5 and 6 percent. After all, it's the biggest raise since 1982 and more than twice this year's increase.

For the 1.5 million people who retired under the old Civil Service Retirement System, benefits will rise by 5.8 percent. The same increase will apply to military retirees and most retired foreign service officers.

The 306,000 retirees under the more recent Federal Employees Retirement System will receive a 4.8 percent increase. All FERS retirees also receive Social Security benefits, while only some CSRS retirees do. Monthly Social Security benefits will go up 5.8 percent next year and that forms the basis for increases in the retirement systems for federal retirees.

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