Cost of Living Adjustments (COLA) as of April 1, 2022
For April 1, 2022, the Average Annual change in the West Region CPI is 4.52%, rounded to the nearest ½% for a COLA adjustment of 4.50%. Eligible members who retire before April 1, 2022 will receive a 3.0% COLA adjustment. The remaining 1.5% will be rolled into a “COLA Bank” to be granted in future years where the calculated COLA is below 3%. Eligible employees who retire on or after April 2, 2022 will not receive any adjustment. Employees in Tiers 4 and 5 are not eligible for COLA increases in retirement.
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