COST OF LIVING ADJUSTMENTS

Annual COLA

Each January, eligible TRA benefit recipients receive an increase in their monthly payment amount. TRA notifies you in December if you are eligible for the post-retirement benefit increase. The annual increase is 1.00 percent effective Jan. 1, 2019.

The increase is prorated the first year after your benefit effective date and is based on the number of full months you were an annuitant during the previous fiscal year. After the initial prorated increase, you will receive the full increase in subsequent years.