2025 Fers Cola Update. As inflation cools, the cola for 2025 could shrink from this year’s 3.2% increase to 2.6%. That would be the lowest cola since 2021.

To receive the full cola for 2025, a federal retiree’s annuity or a survivor annuity must have started no later than december 31, 2023. Here is an early projection and how it compares to recent years.