Cost-of-Living Adjustment (COLA)

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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 2023 COLA rate?

The 2023 Cost-of-Living Adjustment (COLA) for eligible retirees and beneficiaries is 2.5%.

The new rate will be included in September’s Pension Payment.

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