Calpers Cola Increase 2024 Update Today. City average) to your 2%, 3%, 4%, or 5% adjustment. You will need to update your internal payroll system with the new member contribution rates.

This benefit typically begins the second calendar year of retirement, although the annual rate of inflation and retirement law could affect the onset. This week, the california public employees’ retirement system’s (calpers) pension and health benefits committee received an update on the rate development.