2018 COLA ANNOUNCED FOR FEDERAL RETIREES
copied from UPMA GOLD
The 2018 cost-of-living adjustment (COLA) for Social Security recipients and annuitants in both the Civil Service Retirement System (CSRS) and the Federal Employees
Retirement System (FERS) will increase 2.0 percent, the Social Security Administration announced today. Because the COLA amount is not more than 2%, both CSRS and FERS retirees will receive the
same percentage. CSRS COLA and FERS COLA are awarded based on the following formula:
• If the CSRS COLA is more than 3%, the FERS COLA is 1% less
• If the CSRS COLA is more than 2% but less than 3%, then the FERS COLA is 2%.
• If the CSRS COLA is less than 2%, then the FERS COLA is the same.
The 2018 federal retiree COLA is much larger than last year's 0.3 percent increase and the zero COLA in 2016. It's also the first year the CSRS and FERS COLA has been 2.0 percent or more since 2012.
OHIO UPMA MEMBERS
ARE YOU WINTERING IN FLORIDA?
From Barbara Whidden
How about joining FL UPMA Retirees and actives for their annual "steakout" Saturday, January 13, 2018 at the Eustis, FL community center on Lake Eustis?
It is sort of like a big UPMA family reunion and last year 150 attended from all over the country. Menu is grilled filet mignon and all the trimmings. If you prefer chicken breast, please so advise. Cost is $20 per person.
for more details, please email Barbara.email@example.com or call her at 352 669 5724.
Co-President Tony will be there as well as the entire UPMA Retiree National Executive Board, the FL Active and Retiree Executive Boards, Signature FCU board members and credit committee members, past national Presidents of active and retired, etc.etc.etc......We will begin gathering about 10:30 for visiting and then lunch at 12 Noon. ACTIVE, RETIRED, AND ASSOCIATE MEMBERS ARE WELCOME TO ATTEND.
below is the link to the registration form, mail it in
webmaster: Jordan Davenport
we are on Facebook too;
UPMA Ohio Chapter