Civilian Cost Of Living Increase 2024. Social security recipients will receive a 3.2% cola adjustment in 2024 as determined by the consumer price index (cpi) upward trend. For the year 2024, annuitants who retired under csrs will receive 3.2 percent increase and those who retired under fers will receive a 2.2 percent increase.
Actual 2024 federal pay raises for civilian employees will range from 4.7% to 5.7%, depending on where they work. The rate varies each year.
