Ask The Experts: Retirement

By Reg Jones

COLA, FERS increase

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Q. When I retire (I will be at my MRA and 31-1/2 years on Dec. 31, 2015) and start receiving the Social Security FERS Supplement, and I start my retirement for 2016, do I receive the Social Security COLA and the FERS percentage increase each year?

A. Neither your annuity nor your special retirement aupplement would be increased by COLAs. Your annuity would first be increased by COLAs when you reach age 62. At age 62 your SRS would end and you’d be eligible for a Social Security benefit.

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