Employees' Retirement System; state and local retirees four percent cost-of-living benefit increase
Employees' Retirement System and Teachers' Retirement System; retirees and beneficiaries, two percent cost-of-living benefit increase effective October 1, 2026
State & Local Gov't Retirees COLA
Reinstates the cost of living adjustments for retirees, when the annual investment return of the retirement system, exceeds ten percent (10%).
Reinstates, for all teachers and state employees who retired after July 1, 2012, their annual cost of living adjustment for retirement plan year 2026.
Reinstates, for all teachers and state employees who retired after July 1, 2012, their annual cost of living adjustment for retirement plan year 2026.
Provides that retirees in the state pension system receive cost of living adjustments compounded into the retiree’s total retirement benefits each year beginning January 1, 2026. This act would be prospective only.
Provides that retirees in the state pension system receive cost of living adjustments compounded into the retiree’s total retirement benefits each year beginning January 1, 2026. This act would be prospective only.
County employees’ retirement: cost-of-living adjustments.
Cost-of-living Adjustment of Retirement Benefits