NALC's
Retirement
Department assists retired letter
carriers regarding their benefits under the
Civil Service Retirement System (CSRS) and the
Federal Employees' Retirement System (FERS). The
department also provides help and advice to
survivors of retired letter carriers. The
current NALC director of retired members is
Daniel Toth.
While active letter carriers will find the
CSRS and
FERS annuity
estimates useful along with the general
information in our NALC retirement publications,
they should contact Human Resources Shared
Services Center at 877-477-3273
for specific answers to their questions or when
preparing for retirement (see
Counseling).
Retiree
Cost-of-Living Adjustment (COLA):
August 2020 cost-of-living adjustment memo
September 11
2021 Retiree COLAs: 1.3%
The 2021 COLAs for CSRS and FERS benefits
are based on the increase in the average
CPI-W between the 3rd quarter of 2019
(250.200) and the 3rd quarter of 2020
(253.412).
Based on the September 2020 CPI-W
(1982-84=100) of 254.004 the 2020 CSRS and
FERS COLAs are 1.3%.
CSRS annuities receive full COLAs; COLAs for
FERS annuities are payable for retirees 62
and older and may be reduced by up to one
percentage point from the increase in the
CPI.
2021 FECA COLA Projection: 1.4% as of August
2020
Based on the release of the September 2020
CPI-W (1982-84=100), the 2020 FECA COLA
projection is 1.4%. The September 2020 CPI-W
of 254.004 was 1.4% above the December 2019
base index (250.452). The 2021 FECA COLA
calculation will be finalized when the
December 2020 CPI-W is published during the
month of January 2021.
FECA COLAs are applicable only in cases
where death or disability occurred more than
one year prior to the adjustment’s effective
date.
LCPF:
NALC members'
donations to the Letter Carrier Political
Fund - the union's political action wing —
are absolutely critical to help NALC fight for
the future of the USPS and ensure retirement
security for letter carriers and their
survivors.