Each January, if specified by law, a post-retirement increase may be made to your monthly benefit.
Under current law, annual post-retirement increases are 1.0 percent. Benefit recipients who have received an annuity or benefit for at least 12 full months as of June 30 of the calendar year before the increase receive a 1.0 percent increase. Benefit recipients who have received an annuity or benefit for at least one full month, but less than 12 months, as of June 30 of the calendar year before the increase will receive a prorated increase.
TRA has made some changes on how you can access/obtain your Annual Increase letter. Starting this year, TRA will no longer be mailing the Annual Increase letter. You can obtain the Annual Increase letter by logging into your MyTRA account or by contacting a TRA representative to request a copy of the letter be mailed to you.