Question: is fers adjusted for inflation?
Answer: FERS annuities, on the other hand, have a modified COLA formula that, in some years, results in a lower COLA adjustment than either Social Security or CSRS payments receive. If inflation is under 2%, the retiree gets a full CPI increase. So for 2020, a FERS retiree that is entitled to a COLA gets the full 1.6%.