Q. If you are FERS and under 62, will your retired pay stay exactly the same until you start getting COLAs at 62? For example, if I retire at 56 and get $800 a month, does it stay that way for the next six years?
A. Yes, it does. With rare exception – for example law enforcement officers – FERS retirees don’t receive cost-of-living adjustments on their annuities until they reach age 62. The same is true of the special retirement supplement, which ends at age 62.
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What is the reasoning behind why fers retirees don’t receive a cola increase until age 62 and csrs receive it proportionately (percentage of months on opm roles as of 1 dec the first year and the full)?