Overview
- Most employer contracts set the COLA as a maximum of 2% of your retirement base pay. This is the amount you received when you retired, not necessarily the amount you currently receive.
- COLA begins the second calendar year of retirement and is based on your retirement date, your base retirement allowance per employer, and the percentage each employer is contracted for.
- PPPA protects against inflation for those whose benefits fall below minimum levels established by law.
- If eligible, your COLA and PPPA benefit will appear on your May warrant.
