Cost of Living Adjustment (COLA) for July 1, 2020

CORP retirees and surviving beneficiaries with an effective retirement date on/before July 1, 2019 will receive a 2 percent cost-of-living adjustment (COLA) on the gross amount of their benefit payment.  Retirees and surviving beneficiaries with an effective retirement date on/after August 1, 2019 will receive a prorated COLA beginning from their effective retirement date.  To understand the prorated calculation, please see the table in the Increases section of our website.  The COLA increase will occur to the July benefit payment scheduled to be issued on Friday, July 31, 2020.

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