Cost of Living Adjustments (COLA)
The COLA for 2014 is 0.5%
A Cost of Living Adjustment (COLA) is made to a pensioner’s benefit to reflect annual changes in the cost of living and is calculated as a percentage of his/her current benefit.
Effective July 1, 2014, eligible pensions for members and beneficiaries of Tiers 1 – 6, (including DROP) will be adjusted by 0.5% for the pension payment dated July 31, 2014.
Please follow the appropriate link for a summary of your tier’s
Tier 1/Tier 2 COLA Overview
Tier 3 COLA Overview
Tier 4 COLA Overview
Tier 5 COLA Overview
Tier 6 COLA Overview
DROP COLA Overview
A summary of Historical COLA Percentages is also available for viewing.
Determining the COLA
Pursuant to the Charter and the Administrative Code, the size of any year’s COLA is based on the annual change in the Consumer Price Index (CPI) as published by the Bureau of Labor Statistics. Specifically, we look at the change in the CPI for All Urban Consumers in the Los Angeles-Riverside-Orange County Area for the prior 12-month period ending February.
A list of the goods and services included in the CPI is available here. You may also review the step-by-step instructions on How to Access CPI Data.
If you have questions about the COLA, please contact Retirement Services at (213) 978-4495 or, (800) 787-2489, ext. 84495. You may also send an email to email@example.com. For questions about the CPI, please visit the Bureau of Labor Statistics’ website, or call (415) 625-2270.