Q. I am on disability retirement and disability Social Security. I will be 62 next year. How much will my retirement be? A. When you reach age 62, your FERS disability benefit will be recomputed as if you had worked to age 62. Therefore, your actual service will be added to the time you spent on disability. The total time will be multiplied by 1.0 percent (1.1 percent if your combined actual service and time on disability add up to 20 at least 20 years.) That figure will then be multiplied by your high-3 salary on the day you were…
Q. I plan on retiring Aug. 3, 2019. I’m a CSRS employee. Will I be entitled to any COLA in 2020? A. In January 2020, you will be entitled to 1/3 of any COLA amount, rounded to the nearest 1/10th of 1 percent.
Q. I resigned at 56 under FERS after 16 years. I plan on deferring annuity until full benefit at 62. Am I correct that if I take benefit between 57 and 61, I am not entitled to COLA? A. Yes. With the exception of law enforcement officers, firefighters and air traffic controllers, the annuities of FERS retirees are not increased by COLAs until age 62.
Q. What happens if your area’s locality rate increases and you are retired? Will you benefit from the new locality rate as long as you are receiving it from the same area? For example, Norfolk is supposed to have a locality rate change. I retired in 2016. If the locality rate changes, will I receive more retirement?
Q. When I retired from the U.S. Postal Service in 2010, I elected to purchase a survivor annuity for my spouse. Should I survive my spouse, will I be entitled to any of the funds that I paid for the annuity?
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?