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The 2022 COLA
Is there going to be a cost of living increase in
January 2022?
MOSERS will be able to determine the 2022 COLA in mid-January 2022. For most retirees, the rate calculation is based on 80% of the percentage increase in the average Consumer Price Index from one year to the next, with a maximum increase of 5% (minimum 0%).
When will it be paid?
Each year, you will receive a COLA on the anniversary of your retirement date, unless one of these exceptions applies to you:
- Retirees who converted from MSEP to MSEP 2000 during the conversion window in 2000 have COLAs payable each year in July.
- Retirees who elected a BackDROP* will have COLAs payable each year on the anniversary of their BackDROP date rather than on the anniversary of their retirement date.
- MSEP 2011 members hired after January 1, 2011 who leave state employment prior to retirement eligibility, will receive their first COLA in retirement on the second anniversary of their retirement.
We will send you a notice, either in the mail or in your MOSERS Document Express online mailbox, when the COLA is applied to your monthly benefit payment.
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Disclaimer
We strive to provide the most accurate information possible in our answers to Rumor Central questions. However, occasionally, laws, policies or provisions change and individual circumstances may vary. Please contact a MOSERS benefit counselor or see the handbooks in our website Library for more detailed information. If there is any difference between the information provided in this blog or on the MOSERS website and the law or policies that govern MOSERS, the law and policies will prevail. See our Privacy, Security & Legal Notices for more information.