Cost-of-Living Adjustment (COLA) – June 2024

Every September, eligible retirees and beneficiaries receive a Cost-of-Living Adjustment (COLA) to their retirement allowance that is based on the Consumer Price Index (CPI).

What is the 2025 COLA rate?

The 2025 Cost-of-Living Adjustment (COLA) for eligible retirees and beneficiaries is 1.2%.

If you are eligible to receive COLA, it will be reflected in your September 30, 2025 pension payment.

Payments and Taxes | Information and Education | #707

Cost-of-Living Adjustment (COLA)

Learn about COLA eligibility criteria for NYCERS retirees and beneficiaries, payment timing, and how the COLA rate is calculated.

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