Calpers Cola 2024 Increase Announcement Today. Effective july 1, 2024, the cola rate is 2.00% for those with a retirement date on or before july 1, 2023. Find more details about the.

So in this hypoethical situation, you lost over 30% of your purchasing power over 10 years, but calpers will give you an extra raise to make that loss only 25%. City average) to your 2%, 3%, 4%, or 5% adjustment.