Annual Statements for the 2021-2022 school year will not be available until January 2023 

Cost of Living Adjustments for 2021

Posted on 06/29/2021

Social Security has announced that they will be granting a cost of living increase of 1.3% 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% 5%
Members retired on or after September 1, 1992 and joined the system prior to July 1, 2007 1.3% 1.3%
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 page.