VERA and cost-of-living adjustment

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Q. I am considering taking the Voluntary Early Retirement Authority that has been offered to Postal Service mail handlers for Sept. 1. I am in FERS. Is there a cost-of-living adjustment? If so, when would I receive the increase and at what percentage?

A. As a rule, FERS retirees don’t receive cost-of-living adjustments until they reach age 62.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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