Q. I understand that my FERS annuity doesn’t receive COLA increases until age 62. When I do turn 62 does my annuity only increase with subsequent COLA increases or is there a “catch-up” adjustment as well?
A. There isn’t any “catch-up” adjustment. However, in January following the month in which you become age 62, you’ll receive a full, nonprorated COLA.
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Retired a few years ago at 57 years of age. When I turn 62 in May 2018 then I would get full FERs COLA, if there is COLA, in January 2019(paid in February 2019)? Would last SRS check be May 1, 2018.
Appreciate your articles and associated input.
To find the answer to your question, go to https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c051.pdf and scroll to Section 51A.1-3E.