What is COLA?
No, we’re not talking about the soda. COLA stands for Cost-of-Living Adjustment, a CalPERS benefit that helps ensure your value of money at retirement keeps up with the rate of inflation. COLA is usually announced in March and is included in the May retirement check.
Our most popular video this week, the CalPERS Quick Tip: Cost-of-Living Adjustment (COLA), explains the factors that determine a COLA benefit.
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You can also visit our Cost-of-Living Adjustment page for more information about how your COLA is calculated and frequently asked questions.