NOTICE: Beginning January 17, 2020, annual statements will be sent electronically to active teachers. Non- active teachers will continue to receive them via us mail.

Cost of Living Adjustments for 2020

Posted on 1/13/2020

Social Security has announced that they will be granting a cost of living increase of 1.6% for the year.   Based on the statutes governing Cost of Living Adjustments (COLA) for CTRB members, the Connecticut Teachers’ Retirement Board will be granting COLA as follows.


 
COLA Group January COLA Increase July COLA Increase
Members retired prior to September 1992 3% Not Available
Members retired on or after September 1, 1992 and joined the system prior to July 1, 2007 1.5% 1.5%
Members retired on or after September 1, 1992 and joined the system on or after July 1, 2007 1% 1%

 

For more information on the current COLA please visit the Cost of Living Adjustments for 2020 page.