2025 Federal Pay Raise For Retirees
2025 Federal Pay Raise For Retirees. In 2023, federal retirees and other social security beneficiaries received an 8.7% cola, the largest annual adjustment in more than 40 years. Millions of federal employees will receive an average 5.2% pay raise effective january, thanks to an executive order issued by the president on thursday.
In october, the social security administration announced a 3.2 percent cola increase for 2025. The social security administration announced on thursday that the cola for 2025 will be 3.2%, which beneficiaries will see reflected in their statements come.