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.