Calpers Cola 2024 Increase Announcement. This benefit typically begins the second calendar year of retirement, although the annual rate of inflation and retirement law could affect the onset. Calpers cola 2024 increase announcement today.
Effective july 1, 2024, the cola rate is 2.00% for those with a retirement date on or before july 1, 2023. Biden made plans for the 5.2% raise official in august, after first.