POST-RETIREMENT INCREASES

Post-retirement increases

Each January, if specified by law, a post-retirement increase may be made to your monthly benefit.

Benefit recipients who have received an annuity for at least 12 full months as of June 30 of the calendar year before the January 1 increase receive a full increase. Benefit recipients who have received an annuity for at least one full month, but less than 12 months, as of June 30 of the calendar year before the January 1 increase will receive a prorated increase.

For retirements on or after July 1, 2024, the post-retirement increase will be delayed until normal retirement age (age 65 if membership started before July 1, 1989, or age 66 if membership started on or after July 1, 1989). The increase delay does not apply to members retiring at age 62 or older with 30 years of service credit, members retiring under Rule of 90 (Step formula calculation), disability benefit recipients, or survivor benefit recipients.

Post-Retirement Increase Rates

  • 1/1/2019 – 1/1/2023 = 1.0 percent
  • 1/1/2024 = 1.1 percent
  • 1/1/2025 = 1.2 percent
  • 1/1/2026 = 1.3 percent
  • 1/1/2027 = 1.4 percent
  • 1/1/28 and thereafter = 1.5 percent

TRA no longer mails the post-retirement increase letter each December. You can obtain the post-retirement increase letter by logging into your myTRA account, or by contacting a TRA representative to make a request for a copy of the letter to be mailed to you.