Hi All - Just wanted to let you know that I have posted the official USPS FAQ's regarding the VEr here:

http://www.postalemployeenetwork.com/2008-VER-FAQ.htm

Rick Owens - PEN

There have been some questions as to whether or not COLA is computed in retirement computations. As far as I can tell they are not - see below. Now, COLA is figured into your pay while your working.

FERS
http://www.usps.com/cpim/ftp/manuals/elm/h...mc5/elm580_006.html

586 Annuity Computation
586.252 Basic Pay
Basic pay for retirement purposes includes higher level pay but does not include cost-of-living adjustments (COLA, TCOLA), overtime pay, night differential, military pay, allowances, premium pay, or lump-sum terminal leave benefits.

CSRS
http://www.usps.com/cpim/ftp/manuals/elm/h...mc5/elm560_006.html

566 Annuity Computation
566.252 Basic Pay
Basic pay for retirement purposes includes higher level pay but does not include cost-of-living adjustments (COLA, TCOLA), overtime pay, night differential, military pay, allowances, premium pay, or lump-sum terminal leave benefits.

Rick Owens - PEN

To All
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PEN
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