July 23, 2021
The 2021 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, 2021, the CPI increase was 6.12%. As a result, eligible School, Judges, and Patrol retirees will receive the maximum COLA increase. Tier 1 members will receive an increase of 2.5% and Tier 2 members will receive an increase of 1%.
NPERS will issue correspondence to all affected retirees at the end of July. This letter will explain the dollar amount increase for each retiree. July 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.