RETIREES

The 2017 cost-of-living adjustment (COLA) for PERS benefit recipients receiving a monthly benefit is effective July 1, 2017, and will be part of your August 1, 2017 benefit payment.

Those who retired before October 1, 2013, will receive a COLA that is 2 percent of the current monthly benefit.

Those who retired on or after October 1, 2013, have a blended COLA: 2 percent for accrued service time before that date and a tiered COLA for service time after that date.

The COLA for service time after October 1, 2013, is 1.25 percent on the first $60,000 of a benefit and 0.15 percent on benefit amounts over $60,000.

OPSRP members who retired after August 1, 2016, will have a pro-rated COLA depending on the number of months the benefit was received before July 1, 2017. The pro-ration will include a blended COLA.

The COLA amount is based on the Consumer Price Index for the Portland area. ‚Äč