Cost of living adjustment (COLA) for July 1, 2021 Cost of living adjustment (COLA) for July 1, 2021 On the July 1, 2021 benefit payment scheduled to be issued on Friday, July 31, 2021, CORP retirees and surviving beneficiaries with an effective retirement date on/before July 1, 2020 will receive a 2 percent cost-of-living adjustment increase (COLA) on their monthly gross benefit payment.

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Cost of living adjustment (COLA) for July 1, 2021 Cost of living adjustment (COLA) for July 1, 2021 On the July 1, 2021 benefit payment scheduled to be issued on Friday, July 31, 2021, PSPRS retirees and surviving beneficiaries with an effective retirement date on/before July 1, 2020 will receive a 2 percent cost-of-living adjustment increase (COLA) on their monthly gross benefit payment.

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Cola july 2021

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The CPI-W figure for March 2021 was 258.935, 2.2 percent higher than the average CPI-W for the third quarter of 2020, which was 253.412 (1982-84 = 100). The annual COLA is determined by comparing the change in the CPI-W from year to year, based on the average of the third-quarter months of July, August and September.

2020-07-14 Cost of living adjustment (COLA) for July 1, 2021 Cost of living adjustment (COLA) for July 1, 2021 On the July 1, 2021 benefit payment scheduled to be issued on Friday, July 31, 2021, PSPRS retirees and surviving beneficiaries with an effective retirement date on/before July 1, 2020 will receive a 2 percent cost-of-living adjustment increase (COLA) on their monthly gross benefit payment. The third quarter includes July, August, and September. As the COVID-19 pandemic hit our country, the beginning projections for the 2021 COLA were not looking good. It was rumored that 2021 would be one of those years with a 0% COLA.

July 14. 2021 Retiree COLAs Projection: 0.3% as of June 2020. The 2021 COLAs for CSRS and FERS benefits are based on the increase in the average CPI-W between the 3rd quarter of 2019 (250.200) and the 3rd quarter of 2020 (TBA). Based on the June 2020 CPI-W (1982-84=100) of 251.054 the 2021 CSRS and FERS COLAs are currently projected to be 0.3%.

Cola july 2021

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Accumulated banked COLA is reduced to zero. 2.5%: Tier 1 and Tier 1 Enhanced participants and 2021-04-22 This year’s ( 2021) COLA rate is 1.812%.
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The 2021 COLAs for CSRS and FERS benefits are based on the increase in the average CPI-W between the 3rd quarter of 2019 (250.200) and the 3rd quarter of 2020 (TBA). Based on the June 2020 CPI-W (1982-84=100) of 251.054 the 2021 CSRS and FERS COLAs are currently projected to be 0.3%. 2020-08-25 2021-02-28 2021-02-08 2020-10-29 2020-04-19 As announced in January 2021, individuals receiving benefits under the Federal Employees’ Compensation Act (FECA) will receive a 1.5 percent COLA in March 2021.


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