NAREAA buyback

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Q. Public Law 111-84 provided for a phased-in conversion from nonforeign area cost-of-living allowances to locality pay over a three-year period beginning in 2010.  Since the three year phase-in period has been extended (no change in COLA in 2013 or increase to locality rate as anticipated), doesn’t that change the rules for the buyback period, too? Shouldn’t we be allowed to buy back up to the time the final/full locality rate is actually achieved? Do you feel this is something worth pursuing?

A. Not according to the law. If you want to pursue the matter, you can contact your members of Congress.

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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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