July 19, 2017
The 2017 annual Cost of Living Adjustment (COLA) has been determined for School, Judges, and Patrol members as authorized by Nebraska Statutes.
COLA's are calculated using the consumer price index capped at a maximum of 2.50% percent or 1.00% depending on plan provisions.
For the year ending June 30, 2017, the CPI increase was 1.498%. As a result, retirees with a COLA cap of 2.50% will receive a 1.50% increase, and retirees with a COLA cap of 1.00% will receive a 1.00% increase.
NPERS will issue correspondence to all affected retirees at the end of July. This letter will explain the type of COLA and actual dollar amount increase. July 2017 retirement benefits, paid at the end of this month, will include the COLA adjustment.
For more information on COLA provisions, please refer to your Plan Handbook.