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.