Ask The Experts: Retirement

By Reg Jones

COLA

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Q. I retired Dec. 31, 2010, at age 60 and turned 62 on Dec. 11 under the FERS 60/20 retirement plan. I thought this would qualify for the 1.7 percent cost-of-living increase in 2013 as I did not get a COLA for two years per the conditions. Will I actually have to wait another year to qualify for a COLA as I am being told?

A. Yes.

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