“It’s pretty much inevitable,” Flanagan said of the COLA in 2012.
Many feds have asked Flanagan when the best time is to retire to take advantage of the COLA. Her response is, “You have to be retired in the year the COLA is calculated; you’d have to be retired in 2011. So even if somebody retired at the end of October, they would only be retired one month because the COLA comes due on Dec. 1, so they only get 1/12 of it. It’s kind of late for somebody retiring this year to get any or too much of the COLA we’re talking about.”