The annual cost-of-living adjustment (COLA) will be applied on January 1st and will affect all amounts that accrue from this date forward.
OSERS retirees will see this adjustment reflected in their February benefit payment. The February payment includes the amounts accrued for the month of January.
This approach may differ from how the COLA was applied in past years. However, it now aligns with the proper intent and
instructions of the legislative statutes. While NPERS does not plan to revisit prior COLAs, this updated approach ensures compliance moving forward.
For more information regarding OSERS COLA
click here.
