Select a Section:     Members     Employers     Retirees     About OPERS

  Benefit Changes
> Payment Plan
> Beneficiary Designation
> Marriage
> Divorce
> Death of Beneficiary
> Change of Beneficiary
> Cost-of-Living Adjustment
> Impact of Court Orders
> Benefit Change Notice
> Power of Attorney
> Notice of Death
Benefit Programs
Receiving Benefits
Tax Guide
Benefit Recipient Handbook

Related Sections:
Health Care
News & Information
Cost-of-Living Adjustment

All benefit recipients who have received benefits for 12 months are entitled to an annual Cost-of-Living Adjustment (COLA), currently fixed at 3 percent. This rate is fixed regardless of the change in the Consumer Price Index (CPI). The COLA is calculated using your original monthly payment and is not compounded.

For example:

  • If you retired today and your original monthly payment is $1,000 per month, you would receive a $30 per month (3 percent) increase on the anniversary of your retirement next year. This increase would bring your total monthly pension amount to $1,030. Each following year, on your anniversary date, it would increase by that same amount ($30).
Short Cuts
Print This Print Page    Save This Page
Select Your Section
I would like to visit:
Member forms
Employer forms
Retiree forms
Publications: To Print or Order