Friday, December 28, 2018

COLA's: Another FERS Disadvantage (Lower COLA's and Age Delayed)

Title: Federal Annuity and Benefits

Article Snip: "...FERS and FERS Specials Cost-of-Living Adjustments are not provided until age 62, except for disability, survivor benefits, and other special provision retirements. FERS disability retirees get the adjustment, except when they are receiving a disability annuity based on 60 percent of their high-3 average salary. Also, under FERS, if you have a CSRS component, the component is subject to the CSRS COLA calculation. FERS survivors receive the FERS increase on their entire annuity, even where component service is involved..."

Reference: www.opm.gov
CSRS vs FERS, COLA,

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