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COST-OF-LIVING-ADJUSTMENT

Cost-of-Living Adjustments (COLAs) based on increases or decreases in the Consumer Price Index (CPI), are granted to TRS retirees, and to beneficiaries of deceased retirees. The adjustments are made every six months on January 1 and July 1 and are compounded. If the CPI increases or remains the same, the adjustment will be 1 ½ %.

However, this adjustment is not automatic - it can be less if the CPI decreases. For one year after you retire, special COLA rules apply and will be explained in your retirement package.
 
If you retire with less than 30 years of service credit and are under age 60, you will become eligible for cost-of-living adjustments after reaching age 60, or after you would have obtained 30 years of creditable service, whichever occurs earlier.