Calpers Cola Increase 2024 Update Today. The cola takes effect the second calendar year after retirement to help retirement benefits keep up with the rate of inflation. This week, the california public employees’ retirement system’s (calpers) pension and health benefits committee received an update on the rate development.
Public employees who retired between 2006 and 2014 and some. More than 95% of retirees receive either the prior year’s increase or 2%, according to calpers.
