COLA History

Post

ERS

FY18

3% one-time, non-compounded payment for retirees and beneficiaries, payable on the first $30,000 of annual pension benefit

FY17

3% one-time, non-compounded payment for retirees and beneficiaries, payable on the first $30,000 of annual pension benefit

FY16

No COLAs granted

FY15

No COLAs granted

FY14

No COLAs granted

FY13

No COLAs granted

FY12

No COLAs granted

FY11

No COLAs granted

FY10

A bonus of 1.5% of their annual benefit payable October 2009 – this was a one-time check not compounded on the monthly benefit

FY09

A total of 2% was granted (1% payable July 2008 and 1% January 2009)

FY08

A total of 2% was granted (1.5% payable July 2007 and .5% January 2008)

FY07

A total of 3% was granted (1.5% payable July 2006 and 1.5% January 2007)

LRS

FY18 A 3% one-time, non-compounded payment for retirees and beneficiaries
FY17 A 3% one-time, non-compounded payment for retirees and beneficiaries
FY16 No COLAs granted
FY15 No COLAs granted
FY14 No COLAs granted
FY13 No COLAs granted
FY12 No COLAs granted
FY11 No COLAs granted
FY10 A total of 3% was granted (1.5% payable July 2009 and 1.5% January 2010)
FY09 A total of 3% was granted (1.5% payable July 2009 and 1.5% January 2009)
FY08 A total of 3% was granted (1.5% payable July 2009 and 1.5% January 2008)
FY07 A total of 3% was granted (1.5% payable July 2009 and 1.5% January 2007)

PSERS

FY18 A 2% monthly COLA for retirees and beneficiaries, effective July 2017
FY17 A 2% monthly COLA for retirees and beneficiaries, effective July 2016
FY16 No COLAs granted
FY15 No COLAs granted
FY14 No COLAs granted
FY13 No COLAs granted
FY12 No COLAs granted
FY11 No COLAs granted
FY10 A total of 3% was granted (1.5% payable July 2009 and 1.5% January 2010)
FY09 A total of 3% was granted (1.5% payable July 2009 and 1.5% January 2009)
FY08 A total of 3% was granted (1.5% payable July 2009 and 1.5% January 2008)
FY07 A total of 3% was granted (1.5% payable July 2009 and 1.5% January 2007)

JRS

FY18 A 2% monthly COLA for retirees and beneficiaries, effective July 2017
FY17 A 2% monthly COLA for retirees and beneficiaries, effective July 2016
FY16 TBD
FY15

No COLAs granted

FY14

No COLAs granted

FY13

No COLAs granted

FY12

No COLAs granted

FY11

No COLAs granted

FY10 A bonus of 1.5% of their annual benefit payable October 2009 – this was a one-time check not compounded on the monthly benefit
FY09

FY09 – A total of 1.5% was granted effective July 1, 2008 for the fiscal year

FY08 A total of 3% was granted (1.5% payable July 2007 and 1.5% January 2008)
FY07 A total of 3% was granted (1.5% payable July 2007 and 1.5% January 2007)

COLA Study Committee Guidelines

Please click here for COLA information.