Partial COLA for early-2019 retirement

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I’m a CSRS employee and anticipate retiring in early 2018. I’ve been trying to find out whether I would receive a partial COLA effective my first pension check or if I would have to wait until 2019?

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Asked on October 25, 2017 1:07 am
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The simple answer is no because “The amount of an annuitant’s first COLA is prorated. The proration is based on the number of months from the annuity commencement date to the effective date of the first COLA after the commencement date.” That can be found in Chapter 2, CSRS FERS Handbook, page 5: https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c002.pdf And, in English, what that means, for example, is if you retired the end of May 2018, you would received half of whatever COLA was announced in October 2018 for the COLA to be paid in the January 2019 retirement check because you were on the retirement rolls for six of the twelve months of the period the COLA is based.

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Posted by (Questions: 0, Answers: 205)
Answered on October 25, 2017 1:49 pm