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Office of the Labor Member |
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Informational Conference Program |
| Items Affecting All
Retirement and Survivor Benefits |
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Cost-of-living Adjustments (COLAs) - Slide 50 |
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 Text Version:
Cost-of-living Adjustments (COLAs)
- Tier I:
Same as 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 3.6% in January 2012. Tier II
cost-of-living increases were 1.2%.
- When a cost-of-living increase is payable, 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.
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