---
kind: "section"
citation: "5 C.F.R. § 848.503"
title: "5"
number: "848.503"
heading: "Cost-of-living adjustments."
url: "https://uscodex.org/cfr/5/848.503"
---

# §848.503. Cost-of-living adjustments.

- (a) The phased retirement annuity under [§ 848.501](/cfr/5/848.501.md) is increased by cost-of-living adjustments in accordance with [5 U.S.C. 8462](/usc/5/8462.md).
- (b) A composite retirement annuity under [§ 848.502](/cfr/5/848.502.md) is increased by cost-of-living adjustments in accordance with [5 U.S.C. 8462](/usc/5/8462.md), except that [5 U.S.C. 8462(c)(1)](/usc/5/8462.md?p=c-1) does not apply.
- (c)
  - (1) For the purpose of computing the amount of phased retirement annuity used in the computation under [§ 848.502(a)(1)](/cfr/5/848.502.md?p=a-1), the initial cost-of-living adjustment applied is prorated in accordance with [5 U.S.C. 8462(c)(1)](/usc/5/8462.md?p=c-1).
  - (2) If the individual enters full retirement status on the same day as the effective date of a cost-of-living adjustment (usually December 1st), that cost-of-living adjustment, if applicable under [5 U.S.C. 8462](/usc/5/8462.md), is applied to increase the phased retirement annuity used in the computation under [§ 848.502(a)(1)](/cfr/5/848.502.md?p=a-1).

## Notes

### Authority

Authority: 5 U.S.C. 8461; 5 U.S.C. 8412a.

### Source

Source: 79 FR 46632, Aug. 8, 2014, unless otherwise noted.