Estimate 2024 Cola. This year’s 4.12% inflation rate will be used to calculate the 2024 cola for calpers retirees. How much will my cola be?
The nonpartisan senior citizens league recently put out an estimate stating that the group expects a 2.6% social security cola for 2025 based on recent inflation data. The senior citizens league (tscl) recently estimated the 2024 cola will be 3.2%, or an extra $57.30 per month for the average retiree.
An Additional 3.2% Bump Will Lead To An Increase Of $37 On.
The example will use the following data to calculate the cola increase on may 1, 2024:
How Much Is The Increase:
A cola changes benefits based on changes in consumer prices.
Benefits Got An 8.7% Cola Last Year And A 3.2% Cola This Year, Both Above.
Images References :
In March, The League Offered An Early Estimate Suggesting The 2024 Cola Will Likely Fall Below 3%, With A Real Chance Of A Retirees Seeing A 0% Cola Should.
The example will use the following data to calculate the cola increase on may 1, 2024:
This Year’s 4.12% Inflation Rate Will Be Used To Calculate The 2024 Cola For Calpers Retirees.
In 2023, it was 8.7%.
The Cola For December 2023 Is 3.2 Percent And Is First Payable In January 2024.