Please note that all COLA increases as of July 1, 2026, will be reflected in the July monthly benefit payment payable at the end of July.  

During the Annual Board meetings on April 16, 2026, the Boards of Trustees for the Employees’ Retirement System (ERS), the Legislative Retirement System (LRS), the Judicial Retirement System (JRS), and the Public School Employees Retirement System (PSERS) considered whether to grant post-retirement benefit adjustments to retirees and beneficiaries in the upcoming year. Actions taken by the Boards are as follows:

ERS COLA

A 2.25% monthly cost of living adjustment (COLA) for retirees and beneficiaries, payable on benefits not in excess of the Social Security wage base, with the following stipulations:

• must have a retirement effective date on or before 07/01/2025 for the July 2026 COLA, and
• non-disability retiree’s Normal Retirement Date must be on or before 07/01/2025, and
• not available to GSEPS retirees with a membership date on or after 07/01/2009 (this group is specifically excluded by statute from receiving post retirement adjustment payments)
• SGLI annuities are not eligible for COLA

The 2.25% increase as of July 1, 2026, will be reflected in the July monthly benefit payment payable at the end of July. This increase will be payable for life.

LRS COLA

A 2.8% monthly cost of living adjustment (COLA) for retirees and beneficiaries, with the following stipulations:

• must have a retirement effective date on or before 12/01/2025 for the July 2026 COLA, and
• non-disability retirees must be 45 years of age or older
• disability retirees have no age restrictions
• not available to retirees with a membership date on or after 07/01/2009 (this group is specifically excluded by statute from receiving post retirement adjustment payments)

The 2.8% increase as of July 1, 2026, will be reflected in the July monthly benefit payment payable at the end of July. This increase will be payable for life. A one-time payment will NOT be paid this year.

JRS COLA

A 2.8% monthly cost of living adjustment (COLA) for retirees and beneficiaries, payable on benefits not in excess of the Social Security wage base, with the following stipulations:

• must have a retirement effective date on or before 12/01/2025 for the July 2026 COLA, and
• non-disability retirees must be 45 years of age or older
• disability retirees have no age restrictions
• not available to retirees with a membership date on or after 07/01/2009 (this group is specifically excluded by statute from receiving post retirement adjustment payments)

The 2.8% increase as of July 1, 2026, will be reflected in the July monthly benefit payment payable at the end of July. This increase will be payable for life. A one-time payment will NOT be paid this year.

PSERS COLA

A 2.8% monthly cost of living adjustment (COLA) for retirees and beneficiaries, with the following stipulations:

• must have a retirement effective date on or before 12/01/2025 for the July 2026 COLA, and
• non-disability retirees must be 45 years of age or older
• disability retirees have no age restrictions

The 2.8% increase as of July 1, 2026, will be reflected in the July monthly benefit payment payable at the end of July. This increase will be payable for life. A one-time payment will NOT be paid this year.