Just got an email from OPM yesterday that said I will see a 1.7% increase in my pension check in January.
Taking this position was something that the wife and I really discussed. We finally decided that some sacrifices will be made but it also offered some opportunities. We are doing OK on my pension and the part time hours I was working at Best Buy and we would try to hold off on her SS (eligible next year) for as long as possible and I planned on not touching my TSP until 70. Right now my SS isn't worth much and I wasn't looking at touching it until I turned 66 at least. But this opportunity will increase my SS, we can throw a little into the wife's IRA, maybe set some aside for the grandchildren and of course some has to go into the vacation fund. There are other benefits the company is offering that helped make the decision a little easier.
May the force be with us.
Just got an email from OPM yesterday that said I will see a 1.7% increase in my pension check in January.
May the force be with us.
Nasa,
I got the email, too !!! Unfortunately, it's a lie !!! Dang computers...
As a "normal" FERS retiree, and getting the SS supplement, I won't see a COLA for 2 more years....retired at age 57 ; turn 60 this year ; SS supplement drops at age 62, and COLA kicks in !
Not complaining, though...how many can say they're enjoying retirement at age 60 ???
Enjoy your "raise" !!!
Stoplight...
"Too old to rock and roll...too young to die"... - I. Anderson
WOO! HOO! My 2015 COLA has netted me $76.70 more a month.
May the force be with us.
Don't spend all that in 1 place my friend! I'm in year 8 of retirement. these cola's have been lean! Whatya gonna do? 2016
Wanted to pull this thread out of the dungeon. I was CSRS and my real information starts on page 15. Stoplight's thread is still buried but was pretty informative. Zebra had a retirement thread also. The one thing about this thread was all the folks that have stopped posting for one reason or another. Good friends.
PO this might help you a little bit. I'm not sure how much has changed since 2012. But I guess some of this information should help.
Good luck everyone.
May the force be with us.
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