FERS annuity

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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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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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