Calpers 2024 Cola Update Today. Eligible retirees, beneficiaries, and survivors who receive a. If your retirement date is december 31, 2023, your cola would be based on the consumer price index for 2024, and you would receive your first cola in may 2025.

Though it added about $59 per month to the average social. The cola takes effect the second calendar year after retirement to help retirement benefits keep up with the rate of inflation.