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.