Full Cost of Living Raise for PERA CO's

Good news.

Social Security recipients will receive a 2.8% Cost of Living raise in 2019.

PERA CO's COLA is tied to the Social Security cost of living increase-100% of Social Security COLA capped at 2.5%.

This means PERA Correctional Plan Retirees will receive the full 2.5% increase in 2019.

Never forget Teamsters Local 320, AFSME and LELS had all agreed to a lower cap (1.5%) without ever consulting their members!