Q. What is the reasoning behind why FERS retirees don’t receive a COLA increase until age 62 and CSRS retirees receive it proportionately in the year after they retire?
A. According to Capitol Hill staffers who had a hand in drafting the FERS law, it was intended to mirror the retirement systems used by large private sector employers. While there were enough votes to assure the passage of this piece of legislation, there weren’t enough to change any part of the system already in place for CSRS employees.