2013 Retiree COLA
Based on the May 2013 Consumer Price Index (CPI) released June 18, the accumulation toward the 2014 retiree cost-of-living adjustment (COLA) stands at 1.1 percent.
The 2014 retiree COLA will be based on the increase in the average CPI between the third quarter of 2012 and the third quarter of 2013.
2012 FECA COLA
Federal Employees Compensation Act (FECA) cost-of-living adjustments (COLAs) are applicable only in cases where death or disability occurred more than one year prior to the adjustment’s effective date.
Based on the June 18 release of the May 2013 Consumer Price Index (CPI), the projected accumulation toward the 2014 FECA COLA is 1.6 percent.
The COLA will be based on the increase in the CPI between December 2012 and December 2013, and it will become effective on March 1, 2014.
Long-term care insurance
Letter carriers or retired carriers can apply for coverage under the Federal Long Term Care Insurance Program at any time. You do not have to wait until the next Open Season, but you must submit a "full underwriting" application. "Full underwriting" means that applicants will have to answer numerous health-related questions. It may also include a review of medical records and possibly an interview with a nurse. OPM has stated that this is the same level of underwriting that those who purchase individual policies in the private market undergo.
Letter carriers may obtain additional information about any aspect of the Long-Term Care Program by calling 800-582-3337 or visiting the LTC web site at www.LTCFEDS.com.
You can also download application forms or apply on line at that website.