UIPL 22-22.pdf

ETA Advisory File Text

EMPLOYMENT AND TRAINING ADMINISTRATION ADVISORY SYSTEM U.S. DEPARTMENT OF LABOR Washington D.C. 20210 CLASSIFICATION Unemployment Insurance CORRESPONDENCE SYMBOL OUI DUIO DATE December 28 2022RESCISSIONS None EXPIRATION DATE Continuing ADVISORY TO UNEMPLOYMENT INSURANCE PROGRAM LETTER NO. 22-22 STATE WORKFORCE AGENCIES FR OM BRENT PARTON Acting Assistant Secretary SUBJECT Social Security Annuities and Federal Civilian Pensions 1. Purpose. To ensure that states are aware that the social security survivors and old age retirement annuities and the Federal civilian pensions annual cost-of-living adjustment COLA increased for calendar year CY 2023 and to provide the U.S. Office of Personnel Management s OPM COLA information. 2. Action Requested. State Administrators should provide the information contained in thisUne mployment Insurance Program Letter UIPL to appropriate staff. 3. Summary and Background.a.S ummary This UIPL provides the CY 2023 COLA information and informs states to make necessary programming adjustments to accommodate the COLA increase. b. Background Each year OPM posts the COLA information for social security survivors and old age retirement annuities and Federal civilian pensions on its website. The 2023 COLA information is located at https www.opm.gov retirement-center my-annuity- and -benefits annuity-payments url Cost-of-Living. ETA is providing these tables in Attachment I. 4. Instructions. States that have laws requiring a reduction of the unemployment insurance UI weekly benefit amount by the prorated weekly amount of retired pay and pensions should program the increase in the COLA amount for CY 20 23 into their UI systems. 5. Inquiries. Ple ase direct inquiries to the appropriate Regional Office. 6. References. 5 U.S.C . 8502 b and UCFE Handbook 391 For State Agencies Chapter VII 3 g . 7. Attachment. Attachment I Prorated CSRS and FERS COLA Effective 12 01 2022. I-1Attachment I to UIPL No. 22-22 Prorated Civil Service Retirement System CSRS and Federal Employees Retirement System FERS COLA Effective 12 01 2022 Social Security Annuities and Federal Civilian Pensions Under the Civil Service Retirement System CSRS and the Organization Retirement and Disability System ORDS the COLA will be 8.7 percent for those who have received benefits for at least one year. Under the Federal Employees Retirement System FERS and FERS Special the COLA will be 7.7 percent for those who have received benefits for at least one year. The table below shows the prorated percentage increase according to the month the retiree s annuity began. Monthly Annuity Began Amount of Percentage Increase Retirement System CSRS FERS December 2021 or earlier 8.7 7.7 January 2022 8.0 7.1 February 2022 7.3 6.4 March 2022 6.5 5.8 April 2022 5.8 5.1 May 2022 5.1 4.5 June 2022 4.4 3.9 July 2022 3.6 3.2 August 2022 2.9 2.6 September 2022 2.2 1.9 October 2022 1.5 1.3 November 2022 0.7 0.6