Retirees
Some PERS and TRS Plan 1 retirees will receive cost-of-living (COLA) increases in July
You’re eligible for a Uniform COLA if you have been receiving your retirement benefit for at least one full year on July 1 and are at least age 66 by December 31 of that year. It’s calculated by multiplying your years of service credit by a dollar amount. The 2009 dollar amount is $1.78.
If you’re eligible for the Uniform COLA, you will also receive an additional five cents per year of service credit. The 2007 Legislature put this one-time permanent COLA into place through Engrossed House Bill 2391.
Forms
- Authorization for Direct Deposit
- Beneficiary Designation Form
- Legal Order Payee Beneficiary Designation Form
- Name/Address Change Form
- IRS Form W4-P