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CalPERS: there will be a COLA for 2024 retirees; myCalPERS shows estimated increases
Summary
CalPERS board member Yvonne Walker said a cost-of-living adjustment will apply to members who retired in 2024 or earlier, typically about 2%, and encouraged members to use myCalPERS to view estimated COLA amounts and update beneficiaries and powers of attorney.
Yvonne Walker, a CalPERS board member, told retirees the system will issue a cost-of-living adjustment this year that applies to members who retired in 2024 or earlier and said the increase will generally follow what is negotiated in an employer contract — for most members, about 2%.
"Yes. There will be a COLA this year,…
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