Monday, April 15, 2024

COLA rates established for 2022

From the Department of Retirement Systems:

Cost-of-Living Adjustments (COLAs) for DRS-administered retirement systems and plans that receive a COLA have been established for 2022. LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-April benefit payments. For all other plans that are eligible for a COLA, the COLA will take effect July 1 and will be reflected in end-of-July benefit payments.

COLAs for PERS, SERS and TRS Plans 2 and 3, PSERS Plan 2, and LEOFF Plan 2 (effective July 1, 2022)

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