Cost of Living Adjustments for 2020
Posted on 7/19/2020
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%||3%|
|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.