Q. Regarding when my COLA will start: If I retired Jan. 31, 2011, am I a January retiree or a February retiree?
I know that the 2012 COLA is 3.6 percent. Because I wasn’t on the annuity roll in December, will I get 3 percent or 3.3 percent?
A. You won’t be eligible for any cost-of-living adjustment until January 2013. Because you will be on the annuity roll in February, that COLA will cover only the 10 months you were on the annuity roll, and equal 5/6 percent on whatever it turns out to be.