Q. Usually the checks federal retirees receive in February are lower than the January checks. This is usually due to increases in health insurance premiums. This year, the checks were larger. The January checks reflected the cost-of-living adjustment increase. What caused the February increase?
A. Since annuity payments are retroactive, your February payment was for the month of January. You might check to see if the increase was due to a decrease in the premiums for your health benefits.