2012 Retirement COLA

[nnuut]

Got my notice today from OPM..that my January's annuity check will have the 3.6% increase added in..

I didn't get one, What The Heck?

 

[Warrenlm]

I got yours and told OPM to apply it to me.

Not only SS.....SSDI! The rolls have doubled for this new income stream program.

The authors first take up the question of why the disability rolls have grown. The most important factor is the liberalization of the DI screening process that occurred due to a 1984 law. This law directed the Social Security Administration to place more weight on ap-plicants' reported pain and discomfort, relax its screening of mental illness, consider applicants with multiple non-severe ailments, and give more credence to medical evidence provided by the applicant's doctor.These changes had the effect of both increasing the number of new DI awards and shifting their composition towards claimants with low-mortality disorders. For example, the share of awards for a primary impairment of mental illness rose from 16 percent in 1983 to 25 percent in 2003, while the share for a primary impairment of musculoskeletal disorders (primarily back pain) rose from 13 per-cent in 1983 to 26 percent in 2003.

http://www.nber.org/aginghealth/fall06/w12436.html

 

[lochaven]

I received mine yesterday as well, but of course it was prorated since my effective retirement date was April 30, 2011. So, I ended up with a 2.1% increase. I'll take it.

 

[nnuut]

I got yours and told OPM to apply it to me.

Not only SS.....SSDI! The rolls have doubled for this new income stream program.



http://www.nber.org/aginghealth/fall06/w12436.html

Hey YOU, give me my measly money back, CROOK!

 

[Kaufmanrider]

Got my notice today from OPM..that my January's annuity check will have the 3.6% increase added in..

Rub it in, seems the only way to get a pay raise is retire.

Looking at either June 2013 of January 2014 (when I can get 100% of my FERS sick leave credit, I only have 1860 hours).

 

[Buster]

Rub it in, seems the only way to get a pay raise is retire.

Looking at either June 2013 of January 2014 (when I can get 100% of my FERS sick leave credit, I only have 1860 hours).

No, ain't trying to rub it in by no means..Just saying after two years the SS and Retired annuitants are finally getting something...With all the insurance and cost of living increases, the 3.6% just about evens out or catches us up.. A wash.

I'm not sure about FERS, But if you have a target date to pull out.. save all the A/L you can save and that will sell back for a nice lump sum, paid about one PP after you retire..this will hold you over until the regular payments are coming in..

Good luck, time flies fast near the end..

 

[brooksmd]

Here is a quote from opm on fers cola
For Federal Employees Retirement System (FERS) or FERS Special benefits, if the increase in the CPI is 2 percent or less, the Cost-of-Living Adjustment is equal to the CPI increase. If the CPI increase is more than 2 percent but no more than 3 percent, the Cost-of-Living Adjustment is 2 percent. If the CPI increase is more than 3 percent, the adjustment is 1 percent less than the CPI increase. The new amount is rounded down to the next whole dollar.

Explains why I got 2.6%. That and 3.6% for SS and military retirement. I'll take it.