Ask The Experts: Retirement

By Reg Jones

COLA

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Q. Will a COLA be applied in 2013?

A. If you are referring to the cost-of-living increase applied to the annuities of federal retirees, the answer is yes, but only if you have been on the annuity roll for 12 months beginning in December 2011. If you haven’t, the amount you receive would be proportional to the time you were on the annuity roll.

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