Federal retirees are getting a 3.6 percent cost-of-living adjustment for the first time in two years.
But how will this affect federal employees who are not yet retired?
Feds “shouldn’t care too much if they’re still working for the government,” said Tammy Flanagan, senior benefits director at the National Institute of Transition Planning, in an interview with In Depth with Francis Rose.
If someone is retiring in 2011, they will get a prorated COLA based on how many months they have been retired. If you retire this November, you will only get 1/12 of the COLA, Flanagan said.