COLA rates established for 2024

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A cost-of-living adjustment (COLA) is an annual adjustment applied to your retirement income to reflect changes in the economy (inflation). Most DRS retirement plans offer a COLA, but Plan 1 members in PERS and TRS only have a COLA if they selected it during retirement.

View the 2024 COLA percentages by retirement date and plan.

When will I receive the 2024 COLA?

LEOFF Plan 1 COLAs take effect April 1 and start with April 30 benefit payments.

All other DRS Plan COLAs take effect July 1 and start with July 31 benefit payments.

You need to be retired by July…

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