2020 Cost of Living Adjustment (COLA) for Retirees

The COLA (cost of living adjustment), effective September 2020, will be 1.0% on the first $18,000 of pension income.  Therefore, the maximum monthly increase will be $15.

To be eligible for a COLA, the retiree must either be:

  • At least 62 and retired at least five years; or,
  • At least 55 and retired at least 10 years; or,
  • A retiree receiving a disability benefit for at least five years (regardless of age); or,
  • A surviving spouse of an eligible retiree receiving a lifetime benefit. (By law, the spouse receives an increase equal to one-half the COLA the retiree would have received.)
COLA Effective Date CPI Increase COLA Maximum Monthly Increase*

September 2001

2.92% 1.5% $22.50
September 2002 1.48% 1.0%

$15.00

September 2003

3.02% 1.6% $24.00
September 2004 1.74% 1.0%

$15.00

September 2005

3.15% 1.6% $24.00
September 2006 3.36% 1.7%

$25.50

September 2007

2.78% 1.4% $21.00
September 2008 3.98% 2.0%

$30.00

September 2009

-0.38% 1.0% $15.00
September 2010 2.31% 1.2%

$18.00

September 2011

2.68% 1.4% $21.00
September 2012 2.65% 1.4%

$21.00

September 2013 1.47% 1.0%

$15.00

September 2014

1.51% 1.0% $15.00
September 2015 -0.07% 1.0%

$15.00

September 2016

0.85% 1.0% $15.00
September 2017 2.38% 1.2%

$18.00

September 2018

2.36% 1.2% $18.00
September 2019 1.86% 1.0%

$15.00

September 2020

1.54% 1.0%

$15.00