2009 PSRS Cost-of-Living Adjustments

2009 PSRS Cost-of-Living Adjustments - (COLA) Printer Friendly Version

Retirement Date	COLA	Explanation
The Board of Trustees has set the January 2009 COLA at 5.0% for all eligible benefit recipients.
Are you eligible for a COLA increase? To determine if you are eligible, please look for your PSRS retirement date below.

1985 or earlier	0.0%	COLA increases have reached 80% lifetime cap.
January 1986 through December 1986	3.64%	80% lifetime COLA cap not yet reached. (3.64% on January 1, 2009, will take you to the 80% cap.)
January 1987 through December 2007	5.0%	This is your COLA increase.
January 2008 or after	0.0%	COLA eligibility for you is the 2nd January 1 following your PSRS retirement date. You have not yet reached your 2nd 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.