COLA for Foreign Service

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Q. When do cost-of-living adjustments for Foreign Service Pension System annuitants become payable? I will be retiring Dec. 31 at age 57 (voluntary) with an immediate annuity. Will I receive a COLA on Jan 1, 2014?

A. Yes, assuming there is one. If there is, you’d receive 11/12ths of the COLA in your January 2014 annuity payment.

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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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