Increases on basic annuities and survivor annuities.

CFR · 2024-01-01 · US · Title 5

(a) Except as provided in §§ 841.704, 841.706, and 841.707, and paragraph (e) of this section, COLA's on basic annuities and survivor annuities are the greater of— (1) One dollar per month; or (2)(i) If the percentage change is less than 2 percent, the percentage change; (ii) If the percentage change is at least 2 percent and not greater than 3 percent, 2 percent; and (iii) If the percentage change exceeds 3 percent, 1 percentage point less than the percentage change. (b) After survivor annuities commence, they are subject to COLA's computed under paragraph (a) of this section, even if they are based on a basic employee annuity that includes a CSRS component. (c) COLA's apply to basic annuities (not to annuity supplements), survivor annuities, and survivor supplements. (d) COLA's do not apply for annuitants who are under age 62 as of the effective date, except— (1) Survivors; (2) Disability retirees (other than disability retirees whose benefits is based on 60% of high-3 average salary); (3) Retirees who retired under § 842.208 of this chapter (the special provisions for law enforcement officers and firefighters); (4) Retirees who retired under § 842.207 of this chapter (the special provision for air traffic controllers); (5) Retirees who retired under § 842.210 of this chapter (the special provision for military reserve technicians who ceased satisfying the requirements of their position) due to a disability. (e)(1) Except as provided in paragraph (e)(2) of this section, COL

official document · source cfr-2024 · id 5:§ 841.703