Good News for Retirees: Cost of Living Adjustment Coming
December 1, 2017 |
The 2018 COLA increase is 2%, effective with Dec. 1, 2017, pension payments. Retirees with an annuity start date of Dec. 1, 2016, or before will receive the entire 2% increase. The remainder will receive a prorated hike.
|
Retirement Annuity |
Year |
# of |
COLA increase %, |
|
December |
2016 |
12 |
2.00% |
|
January |
2017 |
11 |
1.83% |
|
February |
2017 |
10 |
1.67% |
|
March |
2017 |
9 |
1.50% |
|
April |
2017 |
8 |
1.23% |
|
May |
2017 |
7 |
1.17% |
|
June |
2017 |
6 |
1.00% |
|
July |
2017 |
5 |
0.83% |
|
August |
2017 |
4 |
0.67% |
|
September |
2017 |
3 |
0.50% |
|
October |
2017 |
2 |
0.23% |
|
November |
2017 |
1 |
0.17% |
|
December |
2017 |
0 |
0.00% |
