What are Salary Adjustments in divorce with FERS?

Category:
1
0

Divorced. My ex got 50% of my FERS pension.
In the letter from OPM, it states, “we will pay your former spouse 50% of your gross annuity benefit caculated and not to apply salary adjustments after date of divorce. Further, former spouse share shall not be adjusted by any COLAs from date of divorce to date of retirement.”
What does this mean regarding salary adjustments and COLAs?

Blocked by moderator
Posted by (Questions: 1, Answers: 0)
Asked on February 15, 2022 8:12 pm
339 views
0
Private answer

A pay adjustment is an adjustment in your salary while you are working. Generally, they are effective in January. A Cost of Living Adjustment (COLA) is an increase determined by the Bureau of Labor Statistics to keep up with the cost of living and normally applies to your FERS and Social Security.
What I am reading says they have frozen your high-3 as of the date of divorce meaning any increase in your pay will not increase her benefit from the divorce forward. Since COLAs are not paid on FERS until after you retire, I am not sure how the second sentence will be applied.

Blocked by moderator
Posted by (Questions: 0, Answers: 350)
Answered on February 15, 2022 9:41 pm