2 percent federal retirement COLA set for January
Snippet of Article: "...Under FERS, an inflation adjustment isn’t paid until age 62, except for those who retired due to disability or from certain occupations that require earlier retirement. The average monthly civil service benefit under FERS is about $1,400, yielding an average increase, for those eligible, of $28. Those retired under FERS are eligible for Social Security benefits under standard rules and those receiving that benefit — which generally cannot begin earlier than age 62 — will see that payment boosted by 2 percent as well..."
Source: www.washingtonpost.com
