"...While Social Security recipients receive the full adjustment even if they first claimed Social Security during the same calendar year, FERS and CSRS retirees who entered retirement in 2022 will see the upcoming COLA prorated. If you retired in January, your pension will see 11/12ths of the 8.7% or 7.7% increase. Retiring in February would mean 10/12ths of the COLA can be expected, and so on. It is also important to remember that unless you retired under FERS with special provisions or under disability, there is no COLA if you are not yet age 62. If you turned 62 this year, but have been retired the whole year, you can expect the full COLA and not a prorated one. ..."
This Article is From: stwserve.com
