Tommy Blackburn, CFP®, CPA, PFS, of Mason & Associates reviews Federal pension cost of living adjustments (COLAs) and situations in which they are delayed.
About the Episode:
• Federal (FERS) pension benefits have increased by nearly 13% since 2022.
• Federal employees who retired before age 62 missed this increase.
• Pensions will not be cost of living adjusted if retiring at MRA.
• Exceptions apply for LEO retirees, disability annuitants and others.