Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Transformative Technology: Desktop Virtualization in Government
- Value of Health IT
Shows & Panels
The COLA condundrum: Recent retired feds won't see increase
Friday - 12/16/2011, 6:03pm EST
But for COLAs and federal retirement, close isn't good enough. Employees planning to retire — even by Dec. 31 — won't be eligible for the increase.
Federal employees must be retired in the year the COLA is calculated — in this case 2011. And the increase is prorated, based upon when an employee retires in relation when the COLA adjustment is made, which is Dec. 1.
So, feds who retired at the end of October, will only be eligible for 1/12 of the COLA increase.
Tammy Flanagan, the senior benefits director at the National Institute of Transition Planning, joined In Depth with Francis Rose to discuss what federal employees and retirees need to know about the COLA.