Title: 2024 COLA for federal retirees will be 3.2%, Social...
Article Snip: "...Retirees to see smaller Social Security COLA boost as inflation...Those under FERS get the full amount if the CPI-W increase is less than 2%. If it increased between 2% and 3%, the COLA is a flat rate of 2%. If it increased more than 3%, the COLA is the value of the CPI-W minus one. "
Reference: www.federaltimes.com