COLA Calcs

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I retired on 15 June 2018, I will turn 62 in March 2019. Does that mean I will not see a COLA until January 2020. I’m sorry, I have tried to make sense of this whole COLA and waiting a year, and prorated business. Can anyone explain to me in plain English, based on the dates above, when I will see a COLA? Thank you.

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Posted by (Questions: 1, Answers: 1)
Asked on October 29, 2018 8:56 pm
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Private answer

Unfortunately, you are correct. On page 13 of the CSRS FERS Handbook, example 1, https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c002.pdf, your situation is very close to the example they provide. Because you were under the age of 62 when you retired, the next COLA after reaching age 62 will apply to you with no proration which will be reflected in your January 2020 check.

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Posted by (Questions: 0, Answers: 316)
Answered on October 29, 2018 10:04 pm

Thank you.

( at October 30, 2018 2:45 am)