Normal Retirement Age 60:
Your effective date of retirement must
have been on or before September 1, 2016.
age 62 or 65:
must have reached your normal retirement age
by August 31, 2016 and your effective date
of retirement must have been on or before
September 1, 2016.
If you are eligible for a COLA, your benefit
will increase by
on the first $21,474.70
of your annual benefit. This is a permanent
increase in your benefit. For example, if
your annual benefit is $25,000, your benefit
will increase by $343.60
for a total of $25,343.60.
COLA base will be adjusted each
year going forward for any COLA paid.
For example, the COLA base in 2018
base of $21,474.70, plus the
COLA, for a new COLA base of $21,818.30.