Calpers Cola 2024 Increase Announcement Today

Calpers Cola 2024 Increase Announcement Today. If your retirement date is december 31, 2023, your cola would be based on the consumer price index for 2024, and you would receive your first cola in may 2025. To receive the full cola for 2024, a federal retiree’s annuity or a survivor annuity must have started no later than december 31, 2022.

Several new cohorts of retired members will begin receiving. This benefit typically begins the second calendar year of retirement, although the annual rate of inflation and retirement law could affect the onset of your cola.