2009 PEERS Cost-of-Living Adjustments - (COLA)
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The Board of Trustees has set the January 2009 COLA at 5.0% for all eligible benefit recipients. |
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Are you eligible for a COLA increase? To determine if you are eligible, please look for your PEERS retirement date below. |
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Retirement Date |
COLA |
Explanation |
|---|---|---|
1984 or earlier |
0.0% |
COLA increases have reached 80% lifetime cap. |
January 1985 through December 1985 |
0.47% |
80% lifetime COLA cap not yet exceeded. (0.47% on January 1, 2009 will take you to the 80% cap) |
January 1986 through December 1986 |
4.32% |
80% lifetime COLA cap not yet exceeded. (4.32% on January 1, 2009 will take you to the 80% cap) |
January 1987 through December 2005 |
5.0% |
This is your COLA increase. |
January 2006 or after |
0.0% |
COLA eligibility for you is the 4th January 1 following your PEERS retirement date. You have not yet reached your 4th January 1. |
NOTE: Benefit recipients eligible for the COLA will receive a Statement of Benefit in January detailing the increase and new net benefit payment.
For information on how cumulative COLAs work, click here.
For a history of past COLAs, click here.
