2009 PSRS Cost-of-Living Adjustment Set at 5.0%

The PSRS/PEERS Board of Trustees has voted to set the January 2009 Cost-of-Living Adjustment (COLA) for eligible benefit recipients at 5.0%. Retirees who retired January 1987 through December 2007 are eligible for this increase, and will see it reflected in their January 31, 2009 benefit payment. Those who retired January 1986 through December 1986 will receive a 3.64% COLA. PSRS retirees who retired in 1985 or earlier will not receive any increase because they have received the maximum amount of COLA increases allowed by law.

For more information on COLAs, click here.