Pers Cost-Of-Living Increase 2024. If you remained in the variable annuity program at retirement, your monthly retirement benefit will be adjusted beginning with your february 1, 2024, payment. Every january, pers adjusts subject salary limits and requirements in accordance with the consumer price index (cpi) for the west region.
Pers plans 2 and 3,. The following table includes cola percentages that apply to most drs plans.
| Carson City 9 May 2024.
If you remained in the variable annuity program at retirement, your monthly retirement benefit will be adjusted beginning with your february 1, 2024, payment.
The Compounded Cola Provision Contracted By The Employer Or The Inflation Rate.
Bureau of labor statistics for the prior year.
If You Retire Instead On January 1, 2024, That Single Day’s Difference Can Delay Your Eligibility By Up To One Year, And You Wouldn’t Receive Your First Cola Until May 2026.
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About Your Cola And Inflation.
The following table includes cola percentages that apply to most drs plans.
If You Have Questions About It, Read On.
Eligible state, teacher, judicial, and legislative retirement plan retirees will receive the 3% cola on their benefit up to $24,911.84 (which is the 2023 base), or a maximum.