Cost of Living Adjustment Announced
December 1, 2016 |
The 2017 COLA increase is .3%, effective with Dec. 1, 2015, pension payments. Retirees with an annuity start date of Dec. 1, 2015, or before will receive the entire .3% increase. The remainder will receive a prorated hike.
|
Retirement Annuity |
Year |
# of |
COLA increase %, |
|
December |
2015 |
12 |
0.30% |
|
January |
2016 |
11 |
0.28% |
|
February |
2016 |
10 |
0.25% |
|
March |
2016 |
9 |
0.23% |
|
April |
2016 |
8 |
0.20% |
|
May |
2016 |
7 |
0.18% |
|
June |
2016 |
6 |
0.15% |
|
July |
2016 |
5 |
0.13% |
|
August |
2016 |
4 |
0.10% |
|
September |
2016 |
3 |
0.08% |
|
October |
2016 |
2 |
0.05% |
|
November |
2016 |
1 |
0.03% |
|
December |
2016 |
0 |
0.00% |
