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Today's Terms
COLA, CSRS
Definition:
CSRS cost of living adjustments (COLA's) provide an increase that is equal to the rate of inflation as measured by the Consumer Price Index (CPI). CSRS cost-of-living-adjustments are provided to retirees at all ages
Option A
Definition:
$10,000 in coverage that you can elect in addition to Basic insurance. Also called standard optional insurance.
Option B
Definition:
Coverage, equal to up to 5 multiples of your annual basic rate of pay, that you can elect in addition to Basic insurance. Also called additional optional insurance.
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