While there is no “perfect” age for a federal employee to retire, there are some benefits to waiting until at least age 62.
The author says that an increase in the federal minimum wage could have an impact on Social Security and the annual COLA for federal retirees.
Locality pay is determined using a complex system of comparing federal and private sector pay. It is not a COLA.
There are a number of special provisions afforded to certain federal employees under FERS.