COLAs Pro-Rated for Some

The COLA payments are pro-rated for those who have not been retired for a full year-that is, the annuity must have begun no later than December 31, 2002 for the full amount to be paid. For example, if the annuity began in October 2003, the COLA would be 0.4 percent under CSRS and 0.3 percent under FERS; if it began in July 2003, the COLA would be 0.9 percent under CSRS and 0.8 percent under FERS, and if it began in March 2003 the COLA would be 1.6 percent under CSRS and 1.5 percent under FERS.