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Cost-of-living Increases (COLAs)

• Tier I: Same as annual social security COLAs based on Consumer Price Index
• Tier II: 32.5% of tier I increase
• Vested Dual Benefit: Not increased
• Supplemental Annuity: Not increased

COLAs GENERALLY PAYABLE IN JANUARY

Notes:

• Tier I cost-of-living increases, like social security cost-of-living increases, were 2.3% in January 2008. Tier II cost-of-living increases were 0.7%.
• If annuitant also receives social security benefits, the increased tier I portion is reduced by the increased social security benefit.
• If the widow(er) is paid the initial minimum amount, the monthly payment will not increase until the amount payable under previous law plus cost-of-living increases is higher than the initial minimum amount.