Posted on 06/24/2022
The board has voted to approve the cost of living increase of 5% for July. Based on the statutes governing Cost of Living Adjustments (COLA) for CT TRB members, the Connecticut Teachers’ Retirement Board will be granting COLA as follows.
|COLA Group||July COLA Increase|
|Members retired prior to September 1992||5%|
|Members retired on or after September 1, 1992 and joined the system prior to July 1, 2007||5.9%|
|Members retired on or after September 1, 1992 and joined the system on or after July 1, 2007||5%|
For more information on the current COLA please visit the Cost of Living Adjustments page.Retirees should expect to see the COLA in their July payment, which will be received on July 30th 2022.