2027 COLA- CSRS/FERS ANNOUNCED: from Dave Cook, UPMAR Legislative Chairman
Based on inflation figures released October 14 by the Bureau of Labor Statistics (BLS), the 2027 cost-of-living adjustment (COLA) is 3.6% for Social Security recipients and Civil Service Retirement System (CSRS) retirees. Eligible Federal Employees Retirement System (FERS) retirees will receive 2.6%.
As is our routine, we held Euchre tournements and played Bingo in the morning.
We enjoyed lunch and after, were treated to door prizes
Of course, we hold a business meeting. Above is our minutes and financial report. We were honored by the presence of the Ohio UPMA President, Luis Rosado... unfortunately, as he is not yet retired, he did leave early to return to work.
Why are UPMA Retired monthly dues increasing to $10.00 by 1/1/2028?
At the 2025 National Convention in Dallas, members approved a bylaws amendment to gradually raise retiree dues from $5.73 per month to $10.00 per month over a 3-year period ending December 31, 2028. Beginning in 2029, dues may only increase once per year, and by no more than the COLA increase.
This change was necessary because over the past nine years dues were raised only four times, while retiree membership has declined by over 5% per year and operating costs have continued to rise. Retiree dues help support expenses such as the UPMA Leader magazine, computer systems, national convention costs, legislative advocacy, and retiree services from the National Office as well as maintenance and utilities for the National Office in Alexandria VA.
It is also important to note that when a member retires, they receive six months of free membership, with full benefits, before paying dues — an added cost absorbed by the National Office. To cover the true costs of retiree services and operations, it is estimated that $118 per member per year is needed (this estimate was put together 3 years ago but never acted on). The dues adjustment ensures UPMA can continue to serve and represent all retirees effectively.
Charles R Peters, UPMA Retired National President
Click on this Link to the Federal Retirement Newsletter:
https://www.myfederalretirement.com/ira-contirbutions-secure-act/