Understanding the COLA on your August benefit statement
The Governor signed the FY2023 budget into law on July 28th. The budget includes a cost-of-living adjustment (COLA) effective July 1, 2022, which provides an increase of 5% on the first $13,000 of your retirement benefit, for a maximum increase of $650 per year or $54.17 per month …Read more Cost-of-living adjustment (COLA) included in your August payment
