Big 2022 COLA: Good news or bad news?

Article Excerpt: "...People who retire voluntarily under the FERS don’t get any cost-of-living adjustment until they reach age 62. And once they are eligible for inflation catchups, they are under the diet COLA rule, meaning that once the January COLA exceeds 2 percent, FERS retirees get less. If the January 2022 COLA is 6%, CSRS retirees will get the full amount. FERS retirees (except for law enforcement, air traffic controllers and others under mandatory age rules) won’t..."

Resource: federalnewsnetwork.com