Jun 21, 2012

2013 COLA and Retirement Timing

"...FedSmith recently received a question from a prospective retiree about the 2013 retiree cost-of-living adjustment (COLA) payment. The individual is planning to retire on 1/3/2013 and inquired if he would have to be off the employment rolls by 12/31/12 to receive the COLA.

The employee would not receive the adjustment in either situation. He would have had to retire no later than 11/30/2011 to receive the full COLA, and would have to retire by no later than 10/31/2012 to receive even a prorated COLA...."

Read more at fedsmith.com

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