WebDec 27, 2023 · Learn about COLA eligibility criteria for NYCERS retirees and beneficiaries, payment timing, and how the COLA rate is calculated. Download PDF.
WebAugust 2021. The Cost-of-Living Adjustment (COLA) is an annual adjustment to your retirement allowance that is based on the Consumer Price Index (CPI). Certain retirees …
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Cost-of-Living Adjustment - Office of the New York State Comptroller
WebCOLA Effective Date CPI Increase COLA Maximum Monthly Increase* September 2023: 4.98%: 2.5%: $37.50: September 2022: 8.54%: 3%: $45.00: September 2021: 2.62%: …
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Cost-of-Living Adjustment - Office of the New York State Comptroller
WebOnce you are eligible, you will automatically receive an annual COLA adjustment each September. Rev. 6/23. Payments based on the cost-of-living index will permanently …
WebAug 18, 2022 · COLA Effective Date: CPI Increase: COLA: Maximum Monthly Increase* September 2022: 8.54%: 3%: $45.00: September 2021: 2.62%: 1.4%: $21.00: September …
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Cost-of-Living Adjustment – Special 20- and 25-Year Plans
WebCost-of-Living Adjustment. Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will permanently increase each year. …
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90 Seconds with NYCERS - Cost of Living Adjustment (COLA)
WebAug 31, 2023 · 17. 1.9K views 7 months ago #707. Learn about Cost-of-Living Adjustment (COLA) eligibility criteria for NYCERS retirees, payment timing, and how the COLA rate …
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Cost-of-Living Adjustment – Coordinated Plan For ERS Tier 3 …
WebThe adjustment percentage is applied only to the first $18,000 of your Single Life Allowance, even if you selected a different option at retirement. You will begin receiving cost-of-living …