1.63% COLA for 2018!

Congratulations, you did it!  The PSRS/PEERS Board of Trustees met today to revisit the COLA policy and voted to change the policy.  The Board of Trustees chose to go with Scenario F.  This scenario will start in 2019.  For 2018 you will receive the CPI-U as of June 30, 2017, of 1.63% which means for 2018 you will receive a 1.63% COLA.  This was all possible thanks to the hard work of MRTA and our members.
Scenario F (2% when CPI-U reaches Cumulative 2%)
0% COLA when CPI-U is negative or when CPI-U is between 0%-2% and cumulatively below 2%
2% COLA when CPI-U is between 0%-2% and cumulatively 2% or more
2% COLA when CPI-U is between 2%-5%
5% COLA when CPI-U is above 5%
2% COLA will start on January 1, 2019

14 thoughts on “1.63% COLA for 2018!

    • It is the same thing as “CPI” but we say CPI-U because it is more descriptive as there is also CPI- W. The CPI-W is a more specialized index and seeks to track retail prices as they affect urban hourly wage earners and clerical workers

  1. Sorry I don’t quite get it. Don’t know what cumulative refers to. Is this just a one year change. What is difference in option F between scenario 1 and 2?

    0% COLA when CPI-U is negative or when CPI-U is between 0%-2% and cumulatively below 2%

    2% COLA when CPI-U is between 0%-2% and cumulatively 2% or more

  2. Thanks so much. I’m wondering, I retired under Peers July, 2015, but unfortunately we have to wait 3 years for increases. So, I assume, I will have to wait another year for my increase? I feel we are not treated the same as PSRS in our retirement. I hope this can change for future retirees. We appreciate your support!

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