Text Size:   A+ A- A   •   Text Only
Find     
Site Image

2008 COLA Information
The 2008 cost-of-living adjustment (COLA) for PERS retirees and beneficiaries receiving a monthly benefit is 2 percent, beginning with the August 1, 2008 benefit payment. The increase is effective July 1, 2008.

Tier One and Tier Two members who retired on or before July 1, 2008, will receive 2 percent. For OPSRP Pension Program retirees and beneficiaries who have been retired for less than 12 months, the COLA is prorated based on the number of months the benefit was received before July 1, 2008.

Increases are based on the Consumer Price Index for the Portland-Salem area and are capped at 2 percent. The Bureau of Labor Statistics of the U.S. Department of Labor publishes the Consumer Price Index.