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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.  For NEW retirees and survivors with an effective retirement date after July 1, 2020, the COLA is prorated based on the date of retirement.  To understand how the increase is determined and the prorated calculation, please refer to the Increases webpage.