State Retirement and Pension System – Cost–of–Living Adjustments – Clarification
Approved by the Governor - Chapter 56
Summary
The bill updates state law to specify that the Consumer Price Index (CPI) used to calculate cost‑of‑living adjustments (COLAs) for retirees is the annual average all‑urban‑consumer index published by the U.S. Bureau of Labor Statistics. It also creates a one‑time method for the 2025 CPI, using the average of September and November values, which will affect COLAs beginning July 1 2026 and July 1 2027. The change is intended to make COLA calculations clear and consistent for State Retirement and Pension System retirees.
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